Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
AMEX GOLD MINER INDEX (PACF:GDM)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 GDM
The long term trend has been DOWN since Feb 9th, 2018 at 594.5919
The intermediate term trend has been DOWN since Jul 17th, 2018 at 607.7183
The short term trend has been DOWN since Jul 26th, 2018 at 595.5418
Smart Scan Analysis for GDM
Based on a pre-defined weighted trend formula for chart analysis, GDM scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||709.8414||52wk High Date||2017-09-08|
|52wk Low||507.0865||52wk Low Date||2018-08-17|