Index Trend Analysis Report
Prepared for you on Friday, May 25, 2018.
POWERSHARES CHINA TECH (PACF:CQQQ.IV)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 CQQQ.IV
The long term trend has been DOWN since Feb 9th, 2018 at 57.5913
The intermediate term trend has been UP since May 8th, 2018 at 59.7642
The short term trend has been DOWN since May 18th, 2018 at 59.7362
Smart Scan Analysis for CQQQ.IV
Based on a pre-defined weighted trend formula for chart analysis, CQQQ.IV scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||66.7271||52wk High Date||2017-11-22|
|52wk Low||44.7967||52wk Low Date||2017-05-31|