Index Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
IPATH BLOOMBERG COFFEE TOTAL RETURN IOVR (PACF:JO.IV)
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 JO.IV
The long term trend has been DOWN since Oct 2nd, 2017 at 16.3288
The intermediate term trend has been UP since Nov 10th, 2017 at 16.5145
The short term trend has been UP since Nov 24th, 2017 at 16.0686
Smart Scan Analysis for JO.IV
Based on a pre-defined weighted trend formula for chart analysis, JO.IV scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||22.8763||52wk High Date||2016-11-25|
|52wk Low||15.1192||52wk Low Date||2017-06-22|