Replies to post #490 on Penny Stock Education

[Jason Bond]

hey marlon, good question! to be honest it depends on the stock, they all differ. indicators for one stock will react differently than another stock.

but, for the scan i have been using recently, i am targeting oversold RSI levels below the 30 line. once i pull the results of the scan i sift through 20-30 stocks looking for previous price action and volume trends. basically i am looking for a reason to predict what has happened in the past is about to happen again.

still referring to the scan, i then look at supporting indicators such as MACD and Wm%R to confirm my findings.

in addition, the resistance points and moving averages play a key role in knowing if there is enough room for my members to make a good 10-20% should things turn bullish.

let me know if that helps, i assume your questions were related to the last weeks and this weeks scan?

i am here to help and build a great board, so don't be shy.

ti