Good evening Penny_TA
Long time no talk. Hope you had a relaxing weekend.
If you have time in the next day or two, I had a question for your general consideration.
Is there a level of volume or US Dollars implied in volume of a given sub-penny stock below which technical analysis is not very useful?
There are micro-caps trading at around a tenth of a cent, with volume of twenty or thirty million shares per day on average, but the cash behind that volume may only be $10,000 or $15,000. The there can be days with little to no volume on those sub-penny stocks. Do those facts erode the value or usefulness of leading or lagging indicators, for example. Of course, this question(s) is in reference to your experience vs. T/A on blue chip stocks.
tia,
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