Triple 000 and Sub-penny Chart Plays

[trader53]

ISBG - ICNB - Wave 2 Correction

Posted by: knownbrave
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128514967


ISBG - Wave 2 / Correction
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128512247


Wave 3

This is usually the longest and strongest wave.
The stock has caught the attention of the mass public.
More people find out about the stock and want to buy it.
This causes the stock’s price to go higher and higher.
This wave usually exceeds the high created at the end of Wave 1.


Wave 2 - Stock Declines

At this point,
enough people who were in the original wave
consider the stock overvalued and take profits.
This causes the stock to go down.
However, the stock will not make it to its previous lows
before the stock is considered a bargain again.

________________________________________________________________