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JackStraw

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JackStraw

Re: Penny Roger$ post# 18156

Thursday, 08/29/2013 7:45:43 PM

Thursday, August 29, 2013 7:45:43 PM

Post# of 19499
If the volume is inconsistent, and/or only a few thousand shares per day, odds are good that news and an ebb and flow in interest are going to push that stock all over the place, making any technical analysis pointless simply because there's no flow, pattern, or trend that can develop... all of which are crucial to technical analysis.

Charting penny stocks is usually not valid. It is news driven.
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