If charts worked, we would all do it, and we would all be rich. You can't tell where a penny stock is going by looking at where it has been. SMH!!
Who charted the big drop last week? NO ONE!
Penny stocks move on pr's, filings and momo. Chart following on penny stocks is like playing systems in Las Vegas. They LOVE system players, because their system FORCES them to follow their system, and ignore what is actually happening. The house ALWAYS wins against system players. Uh, and chartists.