Did you even bother to look at the chart I posted? What do you call that? Do you not see the CONSISTENT trend line? You must know nothing about technicals if you can't see it. It's in black and white right there for you to see it.
Penny stocks are definitely more prone to news and speculation but that does not mean you ignore technicals. The only time that's true is when a penny stock has very low volume and then it can introduce alot of noise or even make the technicals useless.
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