Chart, page-275

The chart analysis of penny stocks is bullshit!

The price depends on millions of individual factors in the market, which in sum create a random* movement.Let's say there is a dice game where you win 1 euro per roll. But if you roll a 6, you have to pay 5 euros. The probability at any time that the winning chart will go up is much higher than that it will go down. Nevertheless, there is no possibility of making a profit in the long run with this game, because the expected value is zero (5 x 1 + 1 x (-5)) / 6 = 0.Translated with www.DeepL.com/Translator (free version)