Kona Gold Beverage Inc (KGKG)

[Fallingknife75]

The shares have had a nice run in recent months and are still consolidating after the most recent one. Resistance is established and a good support level is still being determined. Todays weakness coincides nicely with the weakness in the sector, nothing company specific. Longs with dry powder should welcome the opportunity to accumulate additional shares. Can it go lower? Sure it can, don't know if it will but anything is possible. I have plenty of dry powder available in case it does.

True longs aren't concerned with a few days of price volatility. I am focused on the second half of the year when the company's efforts genuinely start impacting the Revenue numbers.

All the best,

Knife