DEEP DOWN INC (NASDAQ:DPDW) Strong Uptrend 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, DPDW 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 Thursday +20 Last Price Above 20 Day Moving Average +25 New 3 Week High, Week Ending June 7th +30 New 3 Month High in June
+100 Total Score
Nice to have confirmation based on their TA. Interesting to see what they base it on. Hank
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