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U see buyer now absorb seller pressure. So with this huge volume someone is collecting. But as a penny u need to know where is the resistant to take the profit. 4 cent is hard resistant and its first stop to take proffit then next is retail trader all want to sell at 5 cent. If can break 5 cent then its truly bullish momentum coming.
If true consolidation in the horizon.... the trending now ...its very speculative in nature. Synd task to lure unaware bilis to bite the bait. FA is on the downside... but trade with care. Only seasons players know the insight of this high risk trending . Again ve aware of big... bigger sharks looming around in the playing field ?
What is the golden rule of traders.....? Hve a look
Rule No 1: Never lose money. Rule No 2: Never forget rule No 1. Invest in what you understand: Stick to industries and companies you are knowledgeable about. Look for a margin of safety: Ensure a buffer to protect against potential losses.
