Index Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
TOPIX BEAR 1X ETF IOPV (PACF:C569.IV)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 C569.IV
The long term trend has been DOWN since Sep 18th, 2018 at 3018.6887
The intermediate term trend has been DOWN since Aug 29th, 2018 at 3080.5320
The short term trend has been DOWN since Sep 10th, 2018 at 3188.9641
Smart Scan Analysis for C569.IV
Based on a pre-defined weighted trend formula for chart analysis, C569.IV scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3414.453||52wk High Date||2017-09-22|
|52wk Low||2917.873||52wk Low Date||2018-01-23|