Very Weak Downtrend...daily analysis

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DABOSS

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Very Weak Downtrend...daily analysis

posted on Oct 29, 2009 05:00PM

Yesterday's analysis....haven't received today's yet.

E DIGITAL CORP (NASDAQ:EDIG)

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, EDIG 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 Tuesday
	-20	Last Price Below 20 Day Moving Average
	-25	New 3 Week Low, Week Ending October 31st
	+30	New 3 Month High in October

-60	Total Score

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