ETERNAL IMAGE NEW (NASDAQ:ETNL) Downtrend Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
Based on a pre-defined weighted trend formula for chart analysis, ETNL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average +15 New 3 Day High on Friday -20 Last Price Below 20 Day Moving Average -25 New 3 Week Low, Week Ending July 11th -30 New 3 Month Low in July
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