Cool is this a fair analysis. I know you are better at this stuff than most. I am trying this service out and would like to see if I should continue it.
TREATY ENERGY (NASDAQ:TECO) Downtrend
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
Based on a pre-defined weighted trend formula for chart analysis, TECO scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
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-10 | Last Hour Close Below 5 hour Moving Average | |
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+15 | New 3 Day High on Wednesday | |
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-20 | Last Price Below 20 Day Moving Average | |
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-25 | New 3 Week Low, August 17th | |
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-30 | New 3 Month Low on October 4 | |