Agoracom: Small Cap Investment - e.Digital - Smart Scan Chart Analysis confirms that a strong uptrend is in place

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DABOSS

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Smart Scan Chart Analysis confirms that a strong uptrend is in place

posted on Feb 28, 2009 06:24AM

E DIGITAL CORP (NASDAQ:EDIG)

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, EDIG 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 Friday
	+20	Last Price Above 20 Day Moving Average
	+25	New 3 Week High, Week Ending February 14th
	+30	New 3 Month High in February

+100	Total Score