Monday, May 14, 2012 6:33:43 PM
99% of Pink Sheet and OTC stocks go lower when they have the red candle spike down and then they have the Fib Retracement
ICPA did have a Fib Bounce from .022 to .0388.
It is now back down to .0302. Now the question is will ICPA reach new highs shortly ie Friday this week. I remember reading CEO Steve Samblis said on the ICPA Facebook Page to watch Shark Tank this Friday. We will see
Here below are example of OTC and Pink Sheet Stocks that had the red exhaustion candle and then the Fib Retracement bounce.
They then went lower.
The more you see something happen, the more you can rely on it!
ATRN
http://stockcharts.com/h-sc/ui?s=ATRN&p=D&yr=0&mn=4&dy=0&id=p49742043999
SNDY
http://stockcharts.com/h-sc/ui?s=SNDY&p=D&yr=0&mn=4&dy=0&id=p23730074340
HBRM
http://stockcharts.com/h-sc/ui?s=HBRM&p=D&yr=0&mn=2&dy=15&id=p00501359711
LQMT
http://stockcharts.com/h-sc/ui?s=LQMT&p=D&yr=0&mn=3&dy=0&id=p01594669055
KMAG
http://stockcharts.com/h-sc/ui?s=KMAG&p=D&yr=0&mn=3&dy=0&id=p61276893842
ICPA
http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=3&dy=0&id=p16013722184
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