Charts dont really work at all on small caps and penny stocks...See my previous thread on small caps.. One large fund selling or buying messes prices...
Here you have to set limits....example if you bought at 80c..... set a limit ..IE if goes below 40c im out. If goes above R1.20 i will hold
In between you at risk depending on fund buying or selling.
In other words charts dont work well on illiquid stocks...anyone can manipulate
Thanks, yes that true, have some seen some real manipulation lately in some small caps.
Going to just hang onto my Choppies until the picture is clear, hoping for a long term investment with this one.