"Wave One" is the Wave right after a prolonged downtrend. This stock has been going down, but now it is starting to trade sideways , forming a base. The sellers who once had the upper hand, are now beginning to lose their power, because the buyers are starting to get more aggressive.
The stock just drifts sideways without a clear trend.
Everyone hates this stock! This is the time to be Loading the Boat !!
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