Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
DJ ISLAMIC MARKET ASIA/PACIFIC LG-CAP (INDEX:DJIAPL)
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 DJIAPL
The long term trend has been UP since Feb 10th, 2017 at 1472.79
The intermediate term trend has been UP since May 11th, 2018 at 1940.49
The short term trend has been DOWN since May 20th, 2018 at 1921.50
Smart Scan Analysis for DJIAPL
Based on a pre-defined weighted trend formula for chart analysis, DJIAPL scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2062.36||52wk High Date||2018-01-29|
|52wk Low||1594.89||52wk Low Date||2017-05-22|