ALJJ has a high consolidaion area, also a channel. The lines on the chart show where I feel more comfortable taking a chance on it.
T0 stay alive trading in the penny game you have got to win big, lose small. This is an example of how I do it. If it breaks over the top trendline and I go in but it doesn't hold it ,I get out, taking a small loss. The bottom trendline I could pick some shares up, but if it didn't hold I would be out of it, Again with a small loss.
But if it does what its suppose to do then I make a good solid play and rake it in..
Chart ALJJ
http://www3.stockfetcher.com/sfchart/1726245635.png
ALJ Regional Holdings, Inc. (ALJ Regional), formerly known as YouthStream Media Networks, Inc., operates through its majority-owned subsidiary, KES Acquisition Company (KES), which owns and operates a steel mini-mill near Ashland, Kentucky (the Mill). As a mini-mill producer of bar flats, the Company recycles steel from scrap, a process designed to result in lower production costs than those of integrated steel mills, which produce steel by processing iron ore and other raw materials in blast furnaces. Bar flats are produced to a variety of specifications and fall primarily into two general quality levels: merchant bar quality steel bar flats (MBQ Bar Flats) for generic types of applications, and special bar quality steel bar flats (SBQ Bar Flats), where precise customer specifications require the use of various alloys, customized equipment and special production procedures to insure that the finished product meets critical end-use performance characteristics.
Total Shares Outstanding 41.1 Mil
Market Capitalization 24.22 Mil
Earnings/Share -0.04
Stock Activity
Last Price 0.59
52 Week High 0.62
52 Week Low 0.15
Volume 150,225
Average Daily Volume (13wk) 101,578
50 Day Moving Average 0.47
200 Day Moving Average 0.29
ALJJ-ALJ Regional Holdings Inc-Penny Stock-Steel Mill 
Linear Mode
