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Friday, April 15, 2011

KONG

This is a really strong chart, but the problem i have is not the chart, it's the rampant fraud beung found out among several Chinese stocks. As of yet, I have no indication that KONG is part of that, but when they are found out, they collapse very quickly. Notice that after the first breakout in March, this ran up  to the March peak and retraced almost exactly 50% of the move, a perfect entry point.

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