GOIP GLOBAL NEW (NASDAQ:GOIG) Very Weak Downtrend Up Arrow 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, GOIG 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 Friday -20 Last Price Below 20 Day Moving Average -25 New 3 Week Low, Week Ending June 19th +30 New 3 Month High in April -60 Total Score