Index Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
BNY MELLON ASIA ADR INDEX (CME:BKAS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 BKAS
The long term trend has been UP since Apr 19th, 2016 at 137.47
The intermediate term trend has been UP since Apr 24th, 2017 at 153.09
The short term trend has been DOWN since Jun 27th, 2017 at 159.36
Smart Scan Analysis for BKAS
Based on a pre-defined weighted trend formula for chart analysis, BKAS scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||162.17||52wk High Date||2017-06-09|
|52wk Low||125.72||52wk Low Date||2016-06-28|