Stock Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
FORTUNE BAY CORP (CDNX:FOR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for FOR
The long term trend has been DOWN since Sep 6th, 2017 at 0.530
The intermediate term trend has been DOWN since Nov 22nd, 2017 at 0.475
The short term trend has been DOWN since Jul 17th, 2017 at 0.620
Smart Scan Analysis for FOR
Based on a pre-defined weighted trend formula for chart analysis, FOR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||0.73||Year High Date||2017-01-30|
|Year Low||0.4||Year Low Date||2017-12-07|
|52wk High||0.73||52wk High Date||2017-01-30|
|52wk Low||0.4||52wk Low Date||2017-12-07|