Still showing strong uptrend according to this!
COCKATOO COAL (ASX:COK) Strong Uptrend Up Arrow Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, COK scored +100 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 Tuesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, July 10th
+30 New 3 Month High on August 19
+100 Total Score
Taken from today's email sent to me by
INO.com Trend Analysis
http://club.ino.com/markets/?trendanalysis_trial
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