Thursday, May 19, 2011 9:12:59 PM
FIRST LITHIUM RESOURCES (FLNTF): In Uptrend
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a Longer Term Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, FLNTF scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Thursday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending May 14th
+30 New 3 Month High in May
Total Score: +75
FLNTF
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