Mutual Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
FT 7374: TACTICAL INCOME OPPORTUNITY PORTFOLIO SERIES 5 (NASDAQ:FORNEX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 FORNEX
The long term trend has been DOWN since Sep 7th, 2018 at 9.7246
The intermediate term trend has been DOWN since Nov 20th, 2018 at 8.9186
The short term trend has been UP since Nov 26th, 2018 at 8.8622
Smart Scan Analysis for FORNEX
Based on a pre-defined weighted trend formula for chart analysis, FORNEX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.93||52wk High Date||2018-06-12|
|52wk Low||8.85||52wk Low Date||2018-11-20|
|Year End Close||9.865||Payment Date||2018-11-25|