Index Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
DIREXION DAILY MSCI INDIA BULL 3X SHARES (PACF:INDL.IV)
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 INDL.IV
The long term trend has been DOWN since Sep 24th, 2018 at 67.7775
The intermediate term trend has been UP since Nov 7th, 2018 at 58.7838
The short term trend has been UP since Nov 14th, 2018 at 59.2064
Smart Scan Analysis for INDL.IV
Based on a pre-defined weighted trend formula for chart analysis, INDL.IV scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||120.6437||52wk High Date||2018-01-24|
|52wk Low||45.5266||52wk Low Date||2018-10-26|