Index Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
BNY MELLON MEXICO CLASSIC ADR INDEX (CME:BKCMX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 BKCMX
The long term trend has been DOWN since Oct 6th, 2017 at 1542.49
The intermediate term trend has been DOWN since Sep 5th, 2017 at 1618.09
The short term trend has been UP since Nov 16th, 2017 at 1420.06
Smart Scan Analysis for BKCMX
Based on a pre-defined weighted trend formula for chart analysis, BKCMX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1661.31||52wk High Date||2017-08-25|
|52wk Low||1151.55||52wk Low Date||2017-01-11|