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Thursday, June 22, 2017 12:08:37 PM
The only thing I will concede to you is the general "summer doldrums" of lower volume as is always predictable this time of year and will give the appearance that there is no interest here. But that's where my concession stops.
The fact that this trading level has been solidly constant since April 25 tells me there is great strength here going forward.
Yes there is selling. But the selling is not exponential, (so to speak), because the chart clearly shows the selling does not push the sp down, followed by more down. ICNB has been trading sideways. This obviously points to all the sells getting scooped up immediately. Again, a great sign of strength.
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