Its getting better for us. Cool is absolutely rig
Post# of 39368
Its getting better for us. Cool is absolutely right. The people that are shorting in their pants at the moment are putting up one last fight because they still have a chance to win. Once Treaty shows some growth its over for them. People are going to start buying and holding and then the shorters are finished. I just hope if they lose, they lose big. I want them to have to cover .25. Then as they get rid of there positions the price will keep rolling. Normally don't wish that on people but they are wishing the same thing on us.
Below we were at -85 a few days ago.
TREATY ENERGY (NASDAQ:TECO) Downtrend Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, TECO scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 | Last Hour Close Above 5 Hour Moving Average | ||
+15 | New 3 Day High on Monday | ||
-20 | Last Price Below 20 Day Moving Average | ||
-25 | New 3 Week Low, August 17th | ||
-30 | New 3 Month Low on October 4 | ||
-75 | Total Score |