Index Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
ALPHASHARES CHINA TECH INDEX (CME:ACNIT)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 ACNIT
The long term trend has been DOWN since Apr 4th, 2018 at 269.25
The intermediate term trend has been UP since Dec 18th, 2018 at 211.66
The short term trend has been UP since Dec 18th, 2018 at 201.93
Smart Scan Analysis for ACNIT
Based on a pre-defined weighted trend formula for chart analysis, ACNIT scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||313.44||52wk High Date||2018-01-29|
|52wk Low||177.84||52wk Low Date||2018-10-30|