Technical analysis of securities require two data 1. volume 2. price What if there is no volume? How do you analyze a stock with no volume? Technical analysis doesn't work for manipulated stocks. Fundamental analysis doesn't work for manipulated stocks(companies)(equities) too. Penny stocks are not lotteries cause you have no chance or 0 chance of a stock trading at .0001 and goes to $1 all else being equal if you bout $10,000 worth of stock at .0001 and it goes to $1. In lotteries you have 1 in 13 million of winning 5 million. In penny stocks you have no chance. known as not even a chance.
so are you saying the entire exchange OTC, pinksheets is b.s.? you talking about 90% of the equities. even in NYSE and nasdaq and amex. 50% of the stocks are b.s.
If there is no volume, you see only half of a picture. Most important you do not see volume surges - moments caused by stock's manipulation when "big money" (who manipulates stocks) are in the game...