Received 6 Karmas
Fruitarian
1
Fruitarian Jan 07, 17 5:56 PM

Good to read this, i got few things cleared specailly abt tehcnical indicators...I just cannot understand how people use RSI, MACD and MA in penny stocks, these indicators will never show true picture on Penny stock unless there daily trading volumes are in millions..point 108 help me reconfirm my assesment about technical indicators..

Asan4x
1
Asan4x Jan 07, 17 6:02 PM

all u need support & resistance and trends lines. BUY on breakout and sell on breakdown

Fruitarian
1
Fruitarian Jan 07, 17 10:27 PM

Jason Thanks for sharing your knowledge but dont you think in Penny stock these will show wrong picture, Eg, RSI wil easily get overextended if a stock is uptrending which logically means we should not be taking long position in that stock, whereas actually that stock may go up 200 or 300%

nirvanaghk
1
nirvanaghk Jan 08, 17 11:14 AM

Those are not rules, takes an hour to read, a lifetime to digest, that is the essence of a master player, LOVE IT

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