Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
DJ TAIWAN STOCK INDEX (INDEX:TWDOW)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 TWDOW
The long term trend has been UP since Jun 5th, 2018 at 264.93
The intermediate term trend has been DOWN since Aug 12th, 2018 at 258.01
The short term trend has been DOWN since Aug 7th, 2018 at 260.49
Smart Scan Analysis for TWDOW
Based on a pre-defined weighted trend formula for chart analysis, TWDOW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||269.28||52wk High Date||2018-01-23|
|52wk Low||242.08||52wk Low Date||2018-02-09|