Index Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
BNY MELLON DENMARK CLASSIC ADR INDEX (CME:BKCDK)
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 BKCDK
The long term trend has been UP since Feb 1st, 2017 at 2802.42
The intermediate term trend has been UP since Mar 16th, 2017 at 2799.43
The short term trend has been DOWN since Aug 16th, 2017 at 3384.57
Smart Scan Analysis for BKCDK
Based on a pre-defined weighted trend formula for chart analysis, BKCDK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3435.94||52wk High Date||2017-08-16|
|52wk Low||2438.77||52wk Low Date||2016-11-23|