Penny Stock Millionaire

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Some go off one of those factors and some go off all. 1. Chart and Profile it. First thing, chart the stock on your favorite charting system. We like candlestick charts, and we look at 50-period moving averages (50 tradomg days on a daily chart, about 1 week on a 60-min. chart), volume and MACD. Look at both a daily and a 30-min. or 60-min. chart to see movement on different time frames. The daily chart shows the bigger picture, the intraday chart shows the movement as it happens. Be sure to pull up a profile or detailed quote on the stock to see how many shares are in the float. If the stock has millions of tradeable shares and trades 15-20,000 shares daily, there could be an avalanche of stock ready to hit the market.