Traditional technical analysis does not apply perfectly to penny stocks which are heavily manipulated and inherently volatile; there are no hard and fast rules and it depends on the ticker.
Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. Only trade for the sake of trading.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.