Index Trend Analysis Report
Prepared for you on Saturday, March 17, 2018.
IPATH PURE BETA COTTON ETN (PACF:CTNN.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 CTNN.IV
The long term trend has been UP since Sep 5th, 2017 at 31.7130
The intermediate term trend has been UP since Feb 23rd, 2018 at 34.7422
The short term trend has been DOWN since Mar 14th, 2018 at 35.0901
Smart Scan Analysis for CTNN.IV
Based on a pre-defined weighted trend formula for chart analysis, CTNN.IV scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||36.3338||52wk High Date||2018-03-06|
|52wk Low||28.479||52wk Low Date||2017-06-26|