Index Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
E FUND YUANTA HANG SENG INDEX DAILY (2X) (PACF:7242.IV)
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 7242.IV
The long term trend has been UP since Oct 3rd, 2017 at 65973
The intermediate term trend has been DOWN since Jun 18th, 2018 at 72626
The short term trend has been DOWN since Jun 8th, 2018 at 78684
Smart Scan Analysis for 7242.IV
Based on a pre-defined weighted trend formula for chart analysis, 7242.IV scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||90872||52wk High Date||2018-01-29|
|52wk Low||61645||52wk Low Date||2017-11-09|