You are incorrect in your statement, and if you are correct, why are there charts for many penny stocks? If you are playing stocks without looking at their chart then you deserve to lose all your money.
I am not ready to say that IRNC is a low priced quality stock, time will tell, but the chart on IRNC is looking does say something about IRCN and looks very positive.
I understand that IRNC is a speculative stock and probably a high risk stock, and when one invest in such a company they invest with the expectation that they can lose all, but you are incorrect to say that a charts means nothing for penny stocks.
