Penny Stocks: Anatomy of a Trade (fka TOAST)

[Vendit]

P&F charts make trend lines, support and resistance levels easy to spot.


http://stockcharts.com/webcgi/PnF.asp?S=XYBR


You can see (in the above link) the upper red trend line is about to be touched.

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 28.00 /                                                      /                         /    / 28.00 
   27.00 /                                                      /                         /    / 27.00 
   26.00 /                                                      /                         /    / 26.00 
   25.00 /       +                                              /                         /    / 25.00 
   24.00 /   X   X +                                            /                         /    / 24.00 
   23.00 /   X O X O +                                          /                         /    / 23.00 
   22.00 /   X O X O   +                                        /                         /    / 22.00 
   21.00 /   X O X O     +                                      /                         /    / 21.00 
   20.00 / O X O X O       +                                    /                         /    / 20.00 
   19.50 / O X O X O         +                                  /                         /    / 19.50 
   19.00 / O X O X O           +                                /                         /    / 19.00 
   18.50 / O   O X O             +                              /                         /    / 18.50 
   18.00 /     O X O               +                            /                         /    / 18.00 
   17.50 /     O X O                 +                          /                         /    / 17.50 
   17.00 /     O X O                   +                        /                         /    / 17.00 
   16.50 /     O X O                     +                      /                         /    / 16.50 
   16.00 /     O X O 4                     +                    /                         /    / 16.00 
   15.50 /     O X O X O X                   +                  /                         /    / 15.50 
   15.00 /     O   O X O X O                   +                /                         /    / 15.00 
   14.50 /         O X O X O                     +              /                         /    / 14.50 
   14.00 /         O + O X O                       +            /                         /    / 14.00 
   13.50 /         +   O X O                         +          /                         /    / 13.50 
   13.00 /       +     O X O                           +        /                         /    / 13.00 
   12.50 /     +       O X O                             +      /                         /    / 12.50 
   12.00 /   +         O X O X       X                     +    /                         /    / 12.00 
   11.50 / +           O X O X O     X O     X               +  /                         /    / 11.50 
   11.00 /             O   O X O X   X O     X O 7             +/                         /    / 11.00 
   10.50 /                 O X O X O X O     X O X O            /+                        /    / 10.50 
   10.00 /                 O X O X O X O X   X O X O            /  +                      /    / 10.00 
    9.50 /                 O X O   5 X O X O X O X O            /    +                    /    / 9.50 
    9.00 /                 O X     O   O X O X O   O X          /      +                  /    / 9.00 
    8.50 /                 O X         O   6 X     O X O        /        +                /    / 8.50 
    8.00 /                 O X             O       O 9 O        /          +              /    / 8.00 
    7.50 /                 O X                     8 X O        /            +            /    / 7.50 
    7.00 /                 O X                     O X O        /              +          /    / 7.00 
    6.50 /                 O                       O X O        /                +        /    / 6.50 
    6.00 /                                         O X O        /                         /    / 6.00 
    5.50 /                                         O   A X      /                X        /    / 5.50 
    5.00 /                                             O X O X  /                X        /    / 5.00< 
    4.75 /                                             O X O B O/X               X        /    / 4.75 
    4.50 /                                             O X O X O/X O             X        /    / 4.50 
    4.25 /                                             O X O   O/X O X           X        /High/ 4.25 
    4.00 /                                             O X     O/X O X O         X        /    / 4.00 
    3.75 /                                             O       O/X O 2 O         X        /    / 3.75 
    3.50 /                                                     O/X O X O     5   X        /    / 3.50 
    3.25 /                                                     O/X O   O X   X O X        /    / 3.25 
    3.00 /                                                     O/X     O X O X O X        /Avg / 3.00 
    2.75 /                                                     O/X     O X O X O X        /    / 2.75 
    2.50 /                                                     C/X     O   O X O          /    / 2.50 
    2.25 /                                                     O/1         O X            /    / 2.25 
    2.00 /                                                     O/X         3 X            /Low / 2.00 
    1.75 /                                                     O/X         4              /    / 1.75 
    1.50 /                                                     O/X                        /    / 1.50 
    1.25 /                                                     O/                         /    / 1.25 
    1.00 /                                                      /                         /    / 1.00 
    0.88 /                                                      /                         /    / 0.88 
    0.75 /                                                      /                         /    / 0.75 
    0.63 /                                                      /                         /    / 0.63 
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