I used to be in the same camp, however learned how to deal with penny stocks. If you know the FA and know what to expect from that, then TA will still give you the best entry. That’s if you know and understand how to work it! TA will help you establish retrace levels after any announcements for possible re-entry for the next wave up. However I’m not here to argue those points, it is just based on my experience!
BKT - new bullish formation, page-37
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