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Monday, August 02, 2010 8:56:01 PM
Very Weak Downtrend
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
Based on a pre-defined weighted trend formula for chart analysis, HMIT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
-15 New 3 Day Low on Monday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending July 24th
+30 New 3 Month High in June
-60 Total Score
Open High Low HMIT Price Change
0.0009 0.0009 0.0008 0.0008 -0.0001
Streaming Chart
We just need some positive news to reverse this trend. Hopefully some Great news is enroute in the next couple of weeks or so!!!
Patience is a tree whose roots are bitter but its fruits are very SWEET, Lets GO VERDE MEDIA Lets GO.
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