Late Night Strategy for Wednesday

Kona Grill has been one of these smaller causal dining plays I have updated periodically due to the steadily bullish action. On the updated daily chart, below, note the impressive high/tight base consolidation breakout on Tuesday. As long as $23.30 now holds on pullbacks I view this one as an under-the-radar gem, perhaps a takeover target by private equity. And on the short side, keep an eye on those social stocks to see if they remain relatively weak, including FB GOOG LNKD TWTR YELP. _________________________________________________