Index Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
S&P PAN ASIA BMI PHARMACEUTICALS BIOTECH (CME:SPAU22)
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 SPAU22
The long term trend has been UP since Sep 10th, 2017 at 255.88
The intermediate term trend has been UP since Aug 21st, 2018 at 313.87
The short term trend has been DOWN since Sep 24th, 2018 at 323.59
Smart Scan Analysis for SPAU22
Based on a pre-defined weighted trend formula for chart analysis, SPAU22 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||327.82||52wk High Date||2018-09-20|
|52wk Low||251.15||52wk Low Date||2017-09-28|