Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
DJ HONG KONG STOCK INDEX (USD) (INDEX:HKDOWD)
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 HKDOWD
The long term trend has been UP since Feb 19th, 2017 at 497.50
The intermediate term trend has been UP since Oct 10th, 2017 at 565.28
The short term trend has been DOWN since Oct 19th, 2017 at 572.59
Smart Scan Analysis for HKDOWD
Based on a pre-defined weighted trend formula for chart analysis, HKDOWD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||574.47||52wk High Date||2017-10-16|
|52wk Low||452.15||52wk Low Date||2016-12-29|