Index Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
SPROTT ZACKS JUNIOR GOLD MINERS INDEX (PACF:ZAXSGDJ)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 ZAXSGDJ
The long term trend has been DOWN since Nov 14th, 2017 at 1207.3690
The intermediate term trend has been DOWN since Oct 25th, 2018 at 913.3452
The short term trend has been UP since Nov 15th, 2018 at 841.0982
Smart Scan Analysis for ZAXSGDJ
Based on a pre-defined weighted trend formula for chart analysis, ZAXSGDJ scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1328.779||52wk High Date||2017-11-22|
|52wk Low||812.016||52wk Low Date||2018-11-13|