Index Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
DAIWA ETF TOPIX 17 FINANCIALS IOPV (PACF:C649.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 C649.IV
The long term trend has been UP since May 18th, 2018 at 14794.4561
The intermediate term trend has been UP since Apr 1st, 2018 at 13504.2705
The short term trend has been DOWN since May 21st, 2018 at 14698.1430
Smart Scan Analysis for C649.IV
Based on a pre-defined weighted trend formula for chart analysis, C649.IV scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||15390.72||52wk High Date||2018-01-24|
|52wk Low||11931.37||52wk Low Date||2017-09-08|