Agoracom: Small Cap Investment - e.Digital - Pravda, it's your lucky day

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DABOSS

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Pravda, it's your lucky day

posted on Oct 29, 2009 05:45PM

Just received today's Smart Trend Analysis. Too bad their uptrend analysis didn't give you the same joy as does the downtrend days...

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 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

-70	Total Score