Sharpei's 'Rules for Trading the OTC':
1) Check for rsi having hit the 30 (or below, even better) w/i 6 mos at THE VERY LEAST!!!)'
2) Check 2 yrs up to 5 yrs charts (Daily and Wkly) to see the price trajectory and where the lowest low is. If currently it is lowest in history, be CAUTIOUS; then check the 30 mins, 60 mims, 5 mins, etc. You will see an entirely different picture with each timeframe...ALL ARE NECESSARY!!!
3)Check the latest 10Q and read carefully; it won't be a positive income almost assuredly, but be sure they have fewer than 1B shares outstanding and enough cash on hand to operate for six months between dilutions!! So check to see when they last diluted shares.
4) If they don't report as some in the 000's do not, read the mb closely and learn to discern between the BSr's on both sides and look for the sound, mature objective posts on the board...if there are any! Check website; make sure it is professionally done as is the IHUB home page.
5) Look at the 50da and the 200da. Check BBs; if it shows the lower band off the bottom of your chart, stay the hell away!!!
6) Learn Elliott Wave and Fibonacci #s!!! this practice has saved my butt so many times and when you trade in the OTC, you need all the education you can muster...AND THESE SKILLS ARE CRITICAL!!!
As I think of others I will add to this list...GLTA!!!
AI
