Index Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
E FUND YUANTA HANG SENG INDEX DAILY (2X) (PACF:7242.IV)
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 7242.IV
The long term trend has been DOWN since Jun 21st, 2018 at 69587
The intermediate term trend has been DOWN since Aug 2nd, 2018 at 63388
The short term trend has been DOWN since Aug 12th, 2018 at 64958
Smart Scan Analysis for 7242.IV
Based on a pre-defined weighted trend formula for chart analysis, 7242.IV scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||90872||52wk High Date||2018-01-29|
|52wk Low||58997||52wk Low Date||2018-08-16|