Hi Shetoldmeto,Not sure about using monthly charts on a penny...

Hi Shetoldmeto,

Not sure about using monthly charts on a penny stock, but thats your choice? Personally I would only use monthly charts on stock in a defined trend.(but thats my choice)
A few people have been talking about the 4.3c resistance,but this level has seen closes above on eight occasions, which led to no significant advances. So using your monthly chart Shetoldmeto, then it would need to close out the month above 4.3c to mean anything.

Personally I feel the 4.8c resistance level is much more significant. This level has been hit on several occasions, and has had three sorties above this level, but never a close above. So any close above this level would bring the bulls out to play.

Cheers and happy hunting to all.