Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
BNY MELLON MEXICO CLASSIC ADR INDEX (CME:BKCMX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 BKCMX
The long term trend has been UP since Aug 7th, 2018 at 1547.90
The intermediate term trend has been DOWN since Oct 9th, 2018 at 1448.66
The short term trend has been DOWN since Oct 18th, 2018 at 1439.93
Smart Scan Analysis for BKCMX
Based on a pre-defined weighted trend formula for chart analysis, BKCMX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1568.97||52wk High Date||2018-02-01|
|52wk Low||1267.61||52wk Low Date||2018-06-07|