Index Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
S&P TSX EQUAL WEIGHT GLOBAL BASE METAL (TSE:TXBE)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 TXBE
The long term trend has been DOWN since Feb 9th, 2018 at 202.90
The intermediate term trend has been DOWN since Jan 23rd, 2018 at 229.00
The short term trend has been DOWN since Mar 19th, 2018 at 214.89
Smart Scan Analysis for TXBE
Based on a pre-defined weighted trend formula for chart analysis, TXBE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||238.08||52wk High Date||2018-01-15|
|52wk Low||164.77||52wk Low Date||2017-06-20|