The day isnt over, so things could easily change, but as of right now:
ICNB got its third red candle on the heikin chart for the first time since feb 23.
http://stockcharts.com/h-sc/ui?s=ICNB&p=D...2213016355
so what does this mean? not a whole lot right now, day isnt over. the rest of the chart looks good because the indicators have reset. they were getting to high.
strict chartists would sell, but i wouldnt do that nessesarily seeing news is coming. thats a personal decision you all have to make. as said a month ago, we can dip to .013 and still technically be healthy. i highly doubt we will ever see 00's again, but if we do, .0083 is the support.
ICNB is a revenue-based stock. mumbo jumbo websites and instagrams wont really help us. sales is where its at. May is still the month im waiting on.
and to show how accurate chharts are, last month i said i was waiting on March 31st to figure trend. notice that after march 31 the price has declined.
im looking at this move with the thought 'lets get the dip out of the way'. we knew this would happen, so lets get it over and done with in preperation for any run.
ICNB got its third red candle on the heikin chart for the first time since feb 23.
http://stockcharts.com/h-sc/ui?s=ICNB&p=D...2213016355
so what does this mean? not a whole lot right now, day isnt over. the rest of the chart looks good because the indicators have reset. they were getting to high.
strict chartists would sell, but i wouldnt do that nessesarily seeing news is coming. thats a personal decision you all have to make. as said a month ago, we can dip to .013 and still technically be healthy. i highly doubt we will ever see 00's again, but if we do, .0083 is the support.
ICNB is a revenue-based stock. mumbo jumbo websites and instagrams wont really help us. sales is where its at. May is still the month im waiting on.
and to show how accurate chharts are, last month i said i was waiting on March 31st to figure trend. notice that after march 31 the price has declined.
im looking at this move with the thought 'lets get the dip out of the way'. we knew this would happen, so lets get it over and done with in preperation for any run.
3
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
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