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Message: Weak Downtrend

Weak Downtrend

posted on Apr 21, 2009 08:27PM
E DIGITAL CORP (NASDAQ:EDIG) Weak Downtrend
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

Based on a pre-defined weighted trend formula for chart analysis, EDIG scored -70 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 Friday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending April 18th
+30 New 3 Month High in February
-70 Total Score
Open High Low EDIG Price Change
0.150 0.150 0.146 0.146 -0.004
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