Index Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
NYSE ARCA HONGKONG OPTIONS INDEX (PACF:HKO)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 HKO
The long term trend has been UP since Feb 1st, 2017 at 467.7004
The intermediate term trend has been DOWN since Feb 5th, 2018 at 615.5431
The short term trend has been DOWN since Mar 21st, 2018 at 613.4209
Smart Scan Analysis for HKO
Based on a pre-defined weighted trend formula for chart analysis, HKO scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||666.9721||52wk High Date||2018-01-29|
|52wk Low||472.2822||52wk Low Date||2017-04-19|