i suggested May 1st.. ..we may stay around thes
Post# of 3333
Quote:
..we may stay around these levels for some time until real numbers show up, and its possible we may go back down .
Read More: https://investorshangout.com/post/view?id=451...z4g2kSMS90
..of course, that doesnt mean i have to be correct.
as of this post, the heikin is open red. typically youd ignore the color as its spinning top/doji, and simply call it 'indecision'.. which it is because investors dont know what to do with ICNB right now.. do you sell... hold... buy more?
use the heikin as a tool to complement the standard chart...
http://stockcharts.com/h-sc/ui?s=ICNB&p=D...6850551615
seeing May 15 is right around the corner, its a VERY tough decision as to sell or hold. the price may spike may 15th and never come down. then again, people may 'sell the news'. its all a personal choice.
to answer your question, i was fairly convinced ICNB would close red today but didnt say anything so as not to influence people one way or the other.
on the 6 month chart..
http://stockcharts.com/h-sc/ui?s=ICNB&p=D...7173978311
..we see the possibility of a reverse in trend. the parabolic SAR (red dots) are now below the candles which is what we want. in order for there to be a downward trend continuation, the price would have to dip below .0119 to .009 as that would reverse the parabolic SAR to be above the price (which we dont want).
again, its all a choice. sell or hold... if people sell, theyll be pissed if the price jumps. if the hold and the price drops, theyll still be pissed. very tough call. the safest choice for those who didnt invest more than they could afford to lose would be to hold.
not investment advice
Iconic Brands, Inc. (ICNB) Stock Research Links
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