And for those who say technical analysis doesn't work on penny stocks...

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TheWaitingGame

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And for those who say technical analysis doesn't work on penny stocks...

posted on Oct 24, 2013 12:35PM

The trading since the NR has been algorithmically perfect on the technical side so far:

We hit resistance at .45, which used to be our support level for a long time.
We went from .315 to .45. We have retraced a classic and exact 38.2% fibonacci retracement down to .40 and bounced off of that twice in the last two days.

A real material NR and this TA stuff goes out the window in the near term anyways.

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