Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
BNY MELLON CHINA ADR INDEX (CME:BKCN)
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 BKCN
The long term trend has been DOWN since Aug 1st, 2018 at 612.27
The intermediate term trend has been DOWN since Jul 30th, 2018 at 620.02
The short term trend has been UP since Oct 16th, 2018 at 524.76
Smart Scan Analysis for BKCN
Based on a pre-defined weighted trend formula for chart analysis, BKCN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||696.45||52wk High Date||2018-01-26|
|52wk Low||495.45||52wk Low Date||2018-10-11|