Index Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
DJ SOUTH AFRICA STOCK INDEX (INDEX:ZADOW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ZADOW
The long term trend has been UP since Jan 16th, 2019 at 1756.81
The intermediate term trend has been UP since Jan 9th, 2019 at 1701.68
The short term trend has been DOWN since Jan 18th, 2019 at 1736.57
Smart Scan Analysis for ZADOW
Based on a pre-defined weighted trend formula for chart analysis, ZADOW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2060.96||52wk High Date||2018-01-26|
|52wk Low||1553.89||52wk Low Date||2018-10-25|