Technical Analysis with Penny Stocks? Peter Leeds Reveals His Five Favorite Indicators
The more trading volume behind any TA pattern, the more that pattern can be relied upon. While this makes TA very useful with Blue Chips and Large Cap stocks which are heavily traded, TA is generally much less reliable when used with thinly traded penny stocks. The majority of investors do not apply TA to most low-priced shares, and for the majority of those low-priced stocks, TA wouldn’t work anyway.
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