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.
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.
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.
Had you bought just 10 Million shares at 0.0001 for a Cost of just $1,000 your 10 Million shares could have been Sold at a conservative 0.0007 for $7,000 <------------- on the climb to 0.0010
FONU Security Details Share Structure Market Value1..........$711,845 a/o Feb 12, 2020 Authorized Shares...2,000,000,000 a/o Feb 03, 2020 Outstanding Shares..1,016,920,999 a/o Feb 03, 2020 -Restricted.............32,516,624 a/o Feb 03, 2020 -Unrestricted..........984,404,375 a/o Feb 03, 2020 Held at DTC............984,199,645 a/o Feb 03, 2020 Float................34,650,040 a/o Apr 22, 2015 Par Value 0.001
If your stock is up +100% to +300% from where you bought it, don't be greedy !
Sell some portion of your stock !!
* You will never go broke, taking a profit * Preserve and enhance your investment at the same time !
* Sell enough shares to cover your initial invested amount, - let the rest of the shares sit in your account, - with the chance that they'll climb higher.
Had you bought just 10 Million shares at 0.0001 for a Cost of just $1,000 your 10 Million shares could have been Sold at a conservative 0.0007 for $7,000 <------------- on the climb to 0.0010
FONU Security Details Share Structure Market Value1..........$711,845 a/o Feb 12, 2020 Authorized Shares...2,000,000,000 a/o Feb 03, 2020 Outstanding Shares..1,016,920,999 a/o Feb 03, 2020 -Restricted.............32,516,624 a/o Feb 03, 2020 -Unrestricted..........984,404,375 a/o Feb 03, 2020 Held at DTC............984,199,645 a/o Feb 03, 2020 Float................34,650,040 a/o Apr 22, 2015 Par Value 0.001
There are literally thousands of penny stocks that are publicly traded.
It isn’t uncommon for some of those stocks to get abandoned by their control people for a variety of different reasons.
When a publicly traded company gets abandoned it doesn’t just stop publicly trading.
The abandoned shell will continue to trade until the day that the SEC files an administrative order to revoke the Issuers registration (for SEC filers) or until FINRA deletes the symbol (for non-SEC filers).
That can often mean years of trading as nothing but a zombie ticker.
As abandoned shells, the public Issuers will fall behind with their business license at the state level (since nobody is around to pay the annual fees due to the Secretary of State).
When two years pass without an entity paying its business taxes at the state level, the entity becomes revoked.
This opens the door for control of the public Issuer to be taken over by an interested party (a shareholder or debt holder for example) through a custodianship petition.
The interested party can file a petition with the local court requesting that the court approve a motion to let the interested party (or an individual of their choosing) take over control of the abandoned shell “in the best interest of the shareholders“.
The only real concerns the court will have is that there is no objections to the motion and that the custodian has a clean background.
The petitioner has to prove to the court that they have made a legitimate effort to contact the former control people and they have to convince the court that the custodian is a respectable choice with a clean background that will act in the best interest of the existing shareholders.
That usually isn’t hard to do so most custodianship petitions will be granted by the court.
The only exception is usually when the old control people do show back up to object or if the petitioner voluntarily dismisses the petition (this may happen if the SEC suspends the Issuer during the proceedings or initiates an administrative order to revoke trading in the Issuer during the proceedings).
Stocks that end up being taken over through custodianship petitions can offer several profit opportunities for penny stock traders for a number of reasons:
1. The share prices have often fallen on light volume to relatively low prices (for the share structure of the stock) due to years of inactivity putting some of the stocks in extremely good price ranges and setting them up with the potential for large gains if interest builds for the stock.
2. Most have seen very little trading activity for many years so much of the float is owned by non-active traders that may not even realize the stock has become active again …. this means the retail/active float is often even smaller than the true float.
3. Custodianship stocks are automatically considered reverse merger candidates. As reverse merger plays that allows for the type of speculation that can create big message board/social media pumps
Not all custodianship stocks will turn into good custodianship plays. So which are the best?
• Stocks that are in lower price ranges (typical under $.01/share or in the low pennies) with relatively good share structures for the price have the biggest potential to turn into big plays so they usually draw the most interest.
• Interest can also depend on who the custodian is for the shell. Some custodians are more popular than others. The custodians that were involved in big movers in the past tend to get more attention when they do new custodianships.
Had you bought just 20 Million shares at 0.0001 like I did for a Cost of just $2,000 your 20 Million shares could have been Sold at a conservative 0.0008 for $16,000 <------------- on the climb to 0.0015
FONU Security Details Share Structure Market Value1..........$711,845 a/o Feb 12, 2020 Authorized Shares...2,000,000,000 a/o Feb 03, 2020 Outstanding Shares..1,016,920,999 a/o Feb 03, 2020 -Restricted.............32,516,624 a/o Feb 03, 2020 -Unrestricted..........984,404,375 a/o Feb 03, 2020 Held at DTC............984,199,645 a/o Feb 03, 2020 Float................34,650,040 a/o Apr 22, 2015 Par Value 0.001
Fibonacci Numbers are commonly used in Technical Analysis with or without a knowledge of Elliot Wave Analysis to determine potential support, resistance, and price objectives.
The most popular FibonacciRetracements are 61.8% and 38.2%
61.8% retracements imply a new trend is establishing itself.
38.2% retracements usually imply that the prior trend will continue
38.2% retracements are considered natural retracements in a healthy trend.
Fibonacci Retracements can be applied after a decline to forecast the length of a counter-trend bounce.
The 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the Averages often retrace half their prior move.
If your stock is up +100% to +300% from where you bought it, don't be greedy !
Sell some portion of your stock !!
* You will never go broke, taking a profit * Preserve and enhance your investment at the same time !
* Sell enough shares to cover your initial invested amount, - let the rest of the shares sit in your account, - with the chance that they'll climb higher.
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.
Market Data 
Markets 
AI
