Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
DAIWA ETF TOPIX 17 COMMERICIAL WHOLESALE (PACF:C647.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 C647.IV
The long term trend has been DOWN since Jul 10th, 2018 at 22474.6543
The intermediate term trend has been DOWN since Oct 11th, 2018 at 23093.3910
The short term trend has been DOWN since Oct 10th, 2018 at 23553.4141
Smart Scan Analysis for C647.IV
Based on a pre-defined weighted trend formula for chart analysis, C647.IV scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||24918.07||52wk High Date||2018-06-13|
|52wk Low||21000.91||52wk Low Date||2017-11-16|