Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
AMEX GOLD MINER INDEX (PACF:GDM)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 GDM
The long term trend has been DOWN since Feb 9th, 2018 at 594.5919
The intermediate term trend has been UP since Oct 2nd, 2018 at 527.4777
The short term trend has been UP since Oct 11th, 2018 at 520.6388
Smart Scan Analysis for GDM
Based on a pre-defined weighted trend formula for chart analysis, GDM scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||696.1229||52wk High Date||2018-01-25|
|52wk Low||482.5201||52wk Low Date||2018-09-11|