$Linkage Global (LGCB.US)$ seems like it’s over
$Linkage Global (LGCB.US)$ seems like it’s over
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TVSaran : Need to be very very careful in entering penny stocks
Leedonna 74727725 OP TVSaran : Very true
104601401 : How to be careful? Have strategy?
UnDueDiligence 104601401 : If the high of a particular push upward doesn't clear the last high made during the last push upward, typically, you'll see a collapse after the failed capture of a new high
UnDueDiligence 104601401 : Push at open achieved a high of .628. Last high during premarket got to .733. Therefore people expect lower lows to accompany lower highs and thus the collapse of the price
104601401 UnDueDiligence : So now for example LGCB is now at lower low point, it still have chance to bounce back?
UnDueDiligence 104601401 : Yes. On Balance Volume indicator is an excellent indicator to use for price recoveries or collapses. If a price collapses but volume for the day remains high, there is almost a guarantee of a huge recovery
104601401 UnDueDiligence : Normally will recover on that day or after a few days?
UnDueDiligence : On balance volume has been growing since the low of .356. Just follow the volume to see of the recovery progresses from that point. That's what I use for bounces off of low prices
UnDueDiligence : Depends on how popular the stock is. Try to see it as a popularity contest. It might help
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