Impulse Wave 1 - The Accumulation Stage the Wave right after a prolonged downtrend.
Wave 1
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons, real or imagined) feel that the price of the stock is cheap so it’s a perfect time to buy. This causes the price to rise.
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.
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 4
Traders take profits because the stock is considered expensive again. This Wave tends to be weak because there are usually more people that are still bullish on the stock and are waiting to “buy on the dips.”
Wave 5
This is the point that most people get in on the stock, and is mostly driven by hysteria. You usually start seeing the CEO of the company on the front page of major magazines as the Person of the Year. Traders and investors start coming up with ridiculous reasons to buy the stock and try to choke you when you disagree with them.
This is when the stock becomes the most overpriced. Contrarians start shorting the stock which starts the ABC pattern.
The entire Wave is up as it moves from the lower left to the upper right of the chart.
Waves 1,3 and 5 are impulse waves because they move with the trend.
Waves 2 and 4 are corrective waves because they move against this bigger trend.
A basic impulse advance forms a 5-Wave sequence.
Wave 1
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons, real or imagined) feel that the price of the stock is cheap so it’s a perfect time to buy. This causes the price to rise.
Wave 2
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.
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 4
Traders take profits because the stock is considered expensive again. This Wave tends to be weak because there are usually more people that are still bullish on the stock and are waiting to “buy on the dips.”
Wave 5
This is the point that most people get in on the stock, and is mostly driven by hysteria. You usually start seeing the CEO of the company on the front page of major magazines as the Person of the Year. Traders and investors start coming up with ridiculous reasons to buy the stock and try to choke you when you disagree with them.
This is when the stock becomes the most overpriced. Contrarians start shorting the stock which starts the ABC pattern.
ICNB’s goal is to be a celebrity branding company to market and distribute other liquor products in partnership with celebrities like Chazz Palminteri.
Iconic can provide the production and distribution while the celebrity endorser provides the marketing.
We think this is a winning strategy and one which Iconic can branch out into other categories down the road.
In December, Iconic announced a line of organic Prosecco Italian sparkling wines.
The wine will be offered in three versions, Brut, Rose and a sugar free variety, all 100% organic.
Soon, the company will announce its celebrity spokesperson for this endeavor.
There have been rumors that it might be Danny DeVito or Christie Brinkley that signs on with Iconic.
If either one were to sign on, it would be a big win for Iconic Brands.
Iconic CEO Richard DeCicco said:
“Many consider Prosecco a better alternative to Champagne.
The quality of our wine allows it to stand on its own merits and we expect a dramatic increase in consumption.
With our established distribution channels and their extensive off-premise and on-premise accounts, we feel our Prosecco, providing an organic choice to consumers, will become the sparkling wine of choice.”
Shares of Iconic Brands have been volatile over the past few months.
However, we think the low has been put in and shares are starting to bounce on heavy volume.
We’re expecting some big news over the next coming weeks pertaining to its celebrity partner for its line of organic Prosecco Italian sparkling wines.
The signing of Christie Brinkley or Danny DeVito would be huge news for shares of Iconic Brands.
We will be updating Insider Financial as soon as we know more.
ICNB’s goal is to be a celebrity branding company to market and distribute other liquor products in partnership with celebrities like Chazz Palminteri.
Iconic can provide the production and distribution while the celebrity endorser provides the marketing.
We think this is a winning strategy and one which Iconic can branch out into other categories down the road.
In December, Iconic announced a line of organic Prosecco Italian sparkling wines.
The wine will be offered in three versions, Brut, Rose and a sugar free variety, all 100% organic.
Soon, the company will announce its celebrity spokesperson for this endeavor.
There have been rumors that it might be Danny DeVito or Christie Brinkley that signs on with Iconic.
If either one were to sign on, it would be a big win for Iconic Brands.
Iconic CEO Richard DeCicco said:
“Many consider Prosecco a better alternative to Champagne.
The quality of our wine allows it to stand on its own merits and we expect a dramatic increase in consumption.
With our established distribution channels and their extensive off-premise and on-premise accounts, we feel our Prosecco, providing an organic choice to consumers, will become the sparkling wine of choice.”
Shares of Iconic Brands have been volatile over the past few months.
However, we think the low has been put in and shares are starting to bounce on heavy volume.
We’re expecting some big news over the next coming weeks pertaining to its celebrity partner for its line of organic Prosecco Italian sparkling wines.
The signing of Christie Brinkley or Danny DeVito would be huge news for shares of Iconic Brands.
We will be updating Insider Financial as soon as we know more.
ICNB’s goal is to be a celebrity branding company to market and distribute other liquor products in partnership with celebrities like Chazz Palminteri.
Iconic can provide the production and distribution while the celebrity endorser provides the marketing.
We think this is a winning strategy and one which Iconic can branch out into other categories down the road.
In December, Iconic announced a line of organic Prosecco Italian sparkling wines.
The wine will be offered in three versions, Brut, Rose and a sugar free variety, all 100% organic.
Soon, the company will announce its celebrity spokesperson for this endeavor.
There have been rumors that it might be Danny DeVito or Christie Brinkley that signs on with Iconic.
If either one were to sign on, it would be a big win for Iconic Brands.
Iconic CEO Richard DeCicco said:
“Many consider Prosecco a better alternative to Champagne.
The quality of our wine allows it to stand on its own merits and we expect a dramatic increase in consumption.
With our established distribution channels and their extensive off-premise and on-premise accounts, we feel our Prosecco, providing an organic choice to consumers, will become the sparkling wine of choice.”
Shares of Iconic Brands have been volatile over the past few months.
However, we think the low has been put in and shares are starting to bounce on heavy volume.
We’re expecting some big news over the next coming weeks pertaining to its celebrity partner for its line of organic Prosecco Italian sparkling wines.
The signing of Christie Brinkley or Danny DeVito would be huge news for shares of Iconic Brands.
We will be updating Insider Financial as soon as we know more.
ICNB’s goal is to be a celebrity branding company to market and distribute other liquor products in partnership with celebrities like Chazz Palminteri.
Iconic can provide the production and distribution while the celebrity endorser provides the marketing.
We think this is a winning strategy and one which Iconic can branch out into other categories down the road.
In December, Iconic announced a line of organic Prosecco Italian sparkling wines.
The wine will be offered in three versions, Brut, Rose and a sugar free variety, all 100% organic.
Soon, the company will announce its celebrity spokesperson for this endeavor.
There have been rumors that it might be Danny DeVito or Christie Brinkley that signs on with Iconic.
If either one were to sign on, it would be a big win for Iconic Brands.
Iconic CEO Richard DeCicco said:
“Many consider Prosecco a better alternative to Champagne.
The quality of our wine allows it to stand on its own merits and we expect a dramatic increase in consumption.
With our established distribution channels and their extensive off-premise and on-premise accounts, we feel our Prosecco, providing an organic choice to consumers, will become the sparkling wine of choice.”
Shares of Iconic Brands have been volatile over the past few months.
However, we think the low has been put in and shares are starting to bounce on heavy volume.
We’re expecting some big news over the next coming weeks pertaining to its celebrity partner for its line of organic Prosecco Italian sparkling wines.
The signing of Christie Brinkley or Danny DeVito would be huge news for shares of Iconic Brands.
We will be updating Insider Financial as soon as we know more.
ICNB’s goal is to be a celebrity branding company to market and distribute other liquor products in partnership with celebrities like Chazz Palminteri.
Iconic can provide the production and distribution while the celebrity endorser provides the marketing.
We think this is a winning strategy and one which Iconic can branch out into other categories down the road.
In December, Iconic announced a line of organic Prosecco Italian sparkling wines.
The wine will be offered in three versions, Brut, Rose and a sugar free variety, all 100% organic.
Soon, the company will announce its celebrity spokesperson for this endeavor.
There have been rumors that it might be Danny DeVito or Christie Brinkley that signs on with Iconic.
If either one were to sign on, it would be a big win for Iconic Brands.
Iconic CEO Richard DeCicco said:
“Many consider Prosecco a better alternative to Champagne.
The quality of our wine allows it to stand on its own merits and we expect a dramatic increase in consumption.
With our established distribution channels and their extensive off-premise and on-premise accounts, we feel our Prosecco, providing an organic choice to consumers, will become the sparkling wine of choice.”
Shares of Iconic Brands have been volatile over the past few months.
However, we think the low has been put in and shares are starting to bounce on heavy volume.
We’re expecting some big news over the next coming weeks pertaining to its celebrity partner for its line of organic Prosecco Italian sparkling wines.
The signing of Christie Brinkley or Danny DeVito would be huge news for shares of Iconic Brands.
We will be updating Insider Financial as soon as we know more.
ICNB’s goal is to be a celebrity branding company to market and distribute other liquor products in partnership with celebrities like Chazz Palminteri.
Iconic can provide the production and distribution while the celebrity endorser provides the marketing.
We think this is a winning strategy and one which Iconic can branch out into other categories down the road.
In December, Iconic announced a line of organic Prosecco Italian sparkling wines.
The wine will be offered in three versions, Brut, Rose and a sugar free variety, all 100% organic.
Soon, the company will announce its celebrity spokesperson for this endeavor.
There have been rumors that it might be Danny DeVito or Christie Brinkley that signs on with Iconic.
If either one were to sign on, it would be a big win for Iconic Brands.
Iconic CEO Richard DeCicco said:
“Many consider Prosecco a better alternative to Champagne.
The quality of our wine allows it to stand on its own merits and we expect a dramatic increase in consumption.
With our established distribution channels and their extensive off-premise and on-premise accounts, we feel our Prosecco, providing an organic choice to consumers, will become the sparkling wine of choice.”
Shares of Iconic Brands have been volatile over the past few months.
However, we think the low has been put in and shares are starting to bounce on heavy volume.
We’re expecting some big news over the next coming weeks pertaining to its celebrity partner for its line of organic Prosecco Italian sparkling wines.
The signing of Christie Brinkley or Danny DeVito would be huge news for shares of Iconic Brands.
We will be updating Insider Financial as soon as we know more.