RE:RE:RE:RE:RE:Nothing to write home about.You've got it backwards Johnny.
"he may have been a stock jockey, but it seems like that was all he was..a gofor..??....... TA on pennys, LMAO"
In the absence of any real fundamentals to evaluate penny stocks, technical analysis can be very useful.
I've never read anywhere that T/A doesn't apply to juniors.
Feel free to explain why it doesn't.
How to choose technical indicators for penny stocks?
When selecting technical indicators for penny stocks, you need to consider a number of factors, such as the liquidity, volatility, and trading volume of the security, as well as your trading style, objectives, and risk tolerance. Generally, you want to use indicators that can adjust to the quickly changing and irregular nature of penny stocks and provide precise and timely signals. Some popular and useful technical indicators for penny stocks include moving averages (MA), relative strength index (RSI), and volume. MA are basic or weighted averages of the price data over a given period of time; they can help identify the direction and strength of the trend, as well as potential support and resistance levels. For penny stocks, you may want to use shorter-term MA, such as 10-day or 20-day MA, to capture the rapid price movements. RSI is a momentum indicator that measures the speed and magnitude of the price changes; it ranges from 0 to 100 and indicates whether the security is overbought or oversold. For penny stocks, you may want to use a shorter time frame, such as 14-day or 7-day RSI, to detect the momentum shifts.