It's very hard to apply technical trend analysis to penny stocks...

It's very hard to apply technical trend analysis to penny stocks like this. Whilst momentum is great indicator of where resistance and support is, the reality is once news hits we can see a rapid climb or drop that throws typical trend analysis out the window. That is why as a SH i've never been phased by minor drops and jumps with penny stocks, just as long as the fundamentals and drop feeding of progress/news is done right. But that is just my 2 cents, we shouldn't be looking into technicalls so much, with a highly volatile stock. Like i said it's good for support and resistance.