Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
DAIWA ETF TOPIX 17 PHARMA IOPV (PACF:C638.IV)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 C638.IV
The long term trend has been UP since May 17th, 2018 at 23107.1113
The intermediate term trend has been UP since May 7th, 2018 at 22631.6130
The short term trend has been DOWN since May 21st, 2018 at 22989.7676
Smart Scan Analysis for C638.IV
Based on a pre-defined weighted trend formula for chart analysis, C638.IV scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||23219.6||52wk High Date||2018-01-09|
|52wk Low||19736.05||52wk Low Date||2017-08-22|