Forget all this charting stuff. I've been trading these penny...

Forget all this charting stuff. I've been trading these penny stocks for a long time and I can tell you that using charts with these stocks will not tell you what is going to happen in the future. It only confirms whay happened in the past. Your indicators are all lagging behind whats allready happened.
These stock are all about fundementals and if you want an indicator that works I can tell you what it is. "It is the news indicator". When there is the lack of promised news and updates the stock will peater off untill something positive is announced.
With OBJ there are plenty of speculators that are losing faith. eg, the 60 days are up and there has not been one scrap of promised news or updates on the 3m assessment.
Some people have a fear of losing all their money to directors getting rich. I am not saying this is the case with this company but the thought is allways there. Many older traders have been stung this way and they don't forget.