Triple 000 and Sub-penny Chart Plays

[trader53]

ENTB 0.0118 Charts >

My advice is very simple...
if you have made a great profit on this stock,
it's wise to take a majority of the money
off of the table,
and leave a little in,
just in case the stock moves higher.

From the stocks peak at 0.0223,
the market has already given it a 50% hair-cut,
as the stock is now at 0.0118

I find that stocks usually experience
a second 50% hair-cut,
as well.

> It's always wise to take a profit,
if it is handed to you !

...and this is what happened with ENTB.
It handed traders an outstanding return
on their investment.

The low for ENTB was at 0.0015,
in early and mid May.
The stock climbed to as high as 0.0223
on June 14th,
just 4-weeks later.

That's better than a "10-fold move" on your money,
a classic "10-Bagger",
what we all try to get !!


"You can't know where you're going,
unless you know where you've been".

Retracement "Fibonacci" levels to look for as Targets are:

> 61.8% = 0.03
> 50% = 0.021 <<< Was hit on June 14th at 0.0223
> 38.2% = 0.015

Working from the "Price Pivot High" of 0.042
that was set in mid-March,
the above stated targets,
are reasonable to expect.















Traders Cheat Sheet for ENTB

http://www.barchart.com/cheatsheet.php?sym=ENTB


Working off of the 0.042 "Price Pivot High"
that was set on March 21st,

and falling in a classic "Elliott 5-Wave decline pattern",
into the bottom in May,

ENTB retraced nearly 50% of the decline,
(a Key Fib retracement level)

hitting 0.0223 on Thursday June 14th.