It was nice to see KGKG's volume pick up last week, especially on the breakout. The following consolidation pulled back farther than I had expected (was looking for .085-.088) but provided an excellent opportunity for those trading to reload shares.
On the weekly chart we continue with the higher lows since the new year (.048-.065-.076). The chain of lower highs was broken last week with .1099 printing although it is not tagged on this chart it does show on the Daily. http://schrts.co/ZUsQqKEC
On the daily chart we can see the higher high print (.1099). I expect the previous low of .076 to remain as strong support especially since it is being bolstered by the 50dma at the same level. Previous resistance levels come back into play with .083-.085 being an important range to break through IMO. http://schrts.co/psBbyMdd
I was a bit surprised by the amount of action last week considering the 10K filing was pretty much as expected. The update of the filing on Thursday showing the elimination of all Preferred Series C shares was the most important thing in the filing IMO and is great news for the company's shareholders.
The company still has not put out a PR to accompany the Annual filing which leads me to believe they are trying to wrap something up to include in it before it is issued (New distribution, Audit/uplist update etc.). We will find out soon enough.
For those new to KGKG, do your research and you will like what you find IMO. There are many on the board who can answer most questions you may have but don't bother asking things like what the share structure is as it shows you have not done any research yet; I won't bother answering questions like that anymore.
Facts > Fud
Buy-Hold-Retire before your old,