Index Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
BNY MELLON EMERGING MARKETS CLASSIC ADR (CME:BKCEM)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 BKCEM
The long term trend has been DOWN since May 3rd, 2018 at 1963.45
The intermediate term trend has been UP since Jan 7th, 2019 at 1694.21
The short term trend has been UP since Jan 16th, 2019 at 1750.97
Smart Scan Analysis for BKCEM
Based on a pre-defined weighted trend formula for chart analysis, BKCEM scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2282.93||52wk High Date||2018-01-26|
|52wk Low||1583.96||52wk Low Date||2018-10-29|