Index Trend Analysis Report
Prepared for you on Tuesday, January 16, 2018.
DAIWA ETF TOPIX 17 BANKS IOPV (PACF:C648.IV)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 C648.IV
The long term trend has been UP since Oct 24th, 2017 at 12672.8200
The intermediate term trend has been UP since Dec 11th, 2017 at 12873.6738
The short term trend has been UP since Jan 3rd, 2018 at 13363.3701
Smart Scan Analysis for C648.IV
Based on a pre-defined weighted trend formula for chart analysis, C648.IV scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||14294.81||52wk High Date||2018-01-15|
|52wk Low||10933.27||52wk Low Date||2017-04-17|