Great chart and Great newsICNB announces acquisition of TopPop, "a contract manufacturing company specializing in the development of products containing alcohol."
Read more here: www.ldmicro.com
TopPop website: toppoppkg.com
Chart continues to get tighter and is waiting to make its next move upwards.
ICNB trade ideas
ICNB is getting tighter and tighter.ICNB has been trading primarily sideways for over 5 months now.
This daily candle is the first candle since March 3rd to come above the resistance line of $0.4655. After breaching it, the price was pushed down to $0.35 and closed at $0.40. This signifies a force that does not want ICNB to blow just yet.
This stock is still accumulating for now but is looking to burst another leg upwards in the future.
Long!
Long Term Bullish on ICNBRight now in April of 2021 we are currently seeing a healthy consolidation of ICNB in the $0.40 range with a local peak at $0.55 and minor "dips" to around $0.30.
- MACD is sitting just around the 0.0 range and RSI at a beautiful 45 - 50.
On March 31st the price dropped down to $0.28 and in the same day rose back and ended at $0.44 which is an incredibly bullish sign.
- Currently the stock is having a hard time breaking the $0.46 mark but moving horizontally before its next major move.
In the past 650 days iconic went from $2.15 down to under $0.10 making it a 95% drop. I believe we have seen the bottom and it is up from here with a short term target of breaking $0.55, next $1.00, and hopefully in the long term (6 months to a year and half) retesting and breaking the $2.15 mark.
Iconic Brands + Christie Brinkley + huge alcohol market = winnerIconic Brands has seen a healthy past few months, holding in a fairly tight trading pattern after a very impressive move up from the $0.000x range. The 2016 annual financials have been posted and of particular interest is the section that discusses debt settlement and terms being worked out to a fixed conversion of shares and not the typical toxic death spiral.
www.iconicbrandsusa.com <- worth checking out. Expecting some major growth throughout 2017.