"Any chartists out there care to interpret?"Interpret what...

"Any chartists out there care to interpret?"

Interpret what technically? Hoping for a chart to back up wild SP predictions and show a future break-out from a few lines drawn across a daily chart?

That's not possible on a penny stock.

You can't technically chart a penny stock they are too volatile and don't behave in the same manor as larger stocks which do support TA.

Penny world is fundamentals, supply and demand with wild SP movements and pumps and dumps. That's not something you can chart or gain a lot from by doing so even if using 5 year weekly chart.

Even trend analysis is difficult, again due to wild SP movements.

Why following the SP,volume,market depth on a daily basis is also next to useless.

If you believe that company fundamentals will deliver forecasted results and you have a solid trading plan to follow until that time, then fine.

However if that's the case, you hardly need to concern yourself with daily SP movements,volume,market depth and lagging chart indicators.


Kat.