As far as what I want to see when/if EGYF gets rolling today is very light still. 150,000 shares traded at .083 average is only $12,400. I am looking for days of at least 10-50 times todays volume to get the kind of movement that will sustain the higher prices I want over the next 6months to a year.
For me, I like to see $50,000-$100,000 trading daily. The smaller the $volume and hence share volume the more the risk increases because of reduced liquidity.
Those are general guidelines when I am trading penny stocks.
My bread and butter is scalping ETF's intraday.
EGYF is an exception for me based on the fact that my core shares are free. That Aug-Sept 2020 run allows me to see what MZ can do. I was in the shell back in the day at .0056.
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