Mutual Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
FT 6958: SENIOR LOAN & LTD DURATION CLOSED-END PORTFOLIO SERIES 7 (NASDAQ:FOHYEX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 FOHYEX
The long term trend has been DOWN since Oct 13th, 2017 at 9.7589
The intermediate term trend has been DOWN since Sep 7th, 2018 at 8.9492
The short term trend has been UP since Nov 28th, 2018 at 8.3821
Smart Scan Analysis for FOHYEX
Based on a pre-defined weighted trend formula for chart analysis, FOHYEX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.46||52wk High Date||2018-01-03|
|52wk Low||8.34||52wk Low Date||2018-11-21|
|Year End Close||9.4125||Payment Date||2018-11-25|