Charting Tools and Technical Indicators

[rb122756]

Doc,

What charting tool(s) do you use for your technical analysis of penny stocks ?  I have a good charting tool but it doesn't work for OTCBB / penny stocks.

Also, which technical indicators do you find the most useful when trying to determine trends or potential movement for penny stocks ?    From looking at some the postings on the forums, it sounds like you are using support and resistance, noticeable volume increase and decrease, some candlesticks, parabolic sar, etc.   Are there a set of technical indicators that work better for penny stocks or are they pretty much the same indicators you would use for a higher priced stocks ?

Thanks.

[scott]

Which charting tool are you currently using, if I may ask?

[Dr PennyStock]

I only use this site: http://www.stockcharts.com

This is how I use  the charts, with all indicators I use: http://stockcharts.com/h-sc/ui?s=SCLL&p=D&b=5&g=0&id=p79999909454

To analyze a chart you need to click the link "Annotate" below the chart and you can draw lines, insert quotes, etc.

T/A for penny stocks is the same to a $100 price stock.

I will make a post soon with all I use to my analysis.

[rb122756]

Thanks Doc.  I'll check these links out.  Looking forward to your post on how you use technicals.

Scott, the package I use is called 'Extreme Charts' by Genesis.

RB.

[Dzielak51]

I only use this site: http://www.stockcharts.com

This is how I use  the charts, with all indicators I use: http://stockcharts.com/h-sc/ui?s=SCLL&p=D&b=5&g=0&id=p79999909454

To analyze a chart you need to click the link "Annotate" below the chart and you can draw lines, insert quotes, etc.

T/A for penny stocks is the same to a $100 price stock.

I will make a post soon with all I use to my analysis.

You should write a book about your methods.  Im sure you'd sell alot and make a killing.  Just a thought.

[Dr PennyStock]

I only use this site: http://www.stockcharts.com

This is how I use  the charts, with all indicators I use: http://stockcharts.com/h-sc/ui?s=SCLL&p=D&b=5&g=0&id=p79999909454

To analyze a chart you need to click the link "Annotate" below the chart and you can draw lines, insert quotes, etc.

T/A for penny stocks is the same to a $100 price stock.

I will make a post soon with all I use to my analysis.

You should write a book about your methods.  Im sure you'd sell alot and make a killing.  Just a thought.

The problem is the lack of time to do that, also I am not a native english speaker and as you see, my english is not good, but, one of these days, who knows?

[Chris_Ben]

I only use this site: http://www.stockcharts.com

This is how I use  the charts, with all indicators I use: http://stockcharts.com/h-sc/ui?s=SCLL&p=D&b=5&g=0&id=p79999909454

To analyze a chart you need to click the link "Annotate" below the chart and you can draw lines, insert quotes, etc.

T/A for penny stocks is the same to a $100 price stock.

I will make a post soon with all I use to my analysis.

You should write a book about your methods.  Im sure you'd sell alot and make a killing.  Just a thought.

The problem is the lack of time to do that, also I am not a native english speaker and as you see, my english is not good, but, one of these days, who knows?

I would help you out.  As I am sure there are others on this board that would help proofread. 

[Dr PennyStock]

Thanks

I need to take time to begin, if needed, I will ask your help, thanks for let me know.