Candlestick Thanks!
Verax or anyone else that would care to chime in... This is my first rodeo, been learning from Sleek and all of you along the way as best as I can with all the mixed messages...
I have been long in MCOA, AMMJ and GRNH for over a month. Got my initial investment x2 banked prior to the crash, holding steady on the larger portion of my shares and hoping for a wonderful trend ahead based on the bullish piercing candlestick from Friday pretty much across the stocks. (learned that tonight thank you)
I have found and downloaded free candlestick flash cards from trade smart university for anyone interested. (PDF file)
My question to you, my mentors, how applicable do you feel the candlestick indicators are for penny stocks? I understand that unanticipated news will nullify the norm, but in general? My doubt comes on the heels of all the gnashing of teeth aimed at the MM's. Do they trash charts by their own greedy intention as many seem to suggest, or do they typically react to the candlesticks when they decide to dump or buy? If that were true, anyone with a good understanding could anticipate their moves to some degree?
What other indicators would you suggest I learn that work in tandem with the candlesticks?
I appreciate any help you are willing to provide.
