Mutual Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
FT 7374: TACTICAL INCOME OPPORTUNITY PORTFOLIO SERIES 5 (NASDAQ:FORNEX)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Sep 7th, 2018 at 9.7378
The short term trend has been DOWN since Oct 2nd, 2018 at 9.7390
Smart Scan Analysis for FORNEX
Based on a pre-defined weighted trend formula for chart analysis, FORNEX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.93||52wk High Date||2018-06-12|
|52wk Low||9.11||52wk Low Date||2018-10-11|
|Year End Close||9.865||Payment Date||2018-10-25|