Index Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
FIRST TRUST TAIWAN ALPHADEX FU (PACF:FTW.IV)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 FTW.IV
The long term trend has been UP since Feb 1st, 2017 at 32.7571
The intermediate term trend has been DOWN since Sep 21st, 2017 at 37.4519
The short term trend has been DOWN since Sep 20th, 2017 at 37.8113
Smart Scan Analysis for FTW.IV
Based on a pre-defined weighted trend formula for chart analysis, FTW.IV scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||38.4041||52wk High Date||2017-09-18|
|52wk Low||30.1288||52wk Low Date||2016-11-14|