Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
S&P TSX EQUAL WEIGHT GLOBAL BASE METAL (TSE:TXBE)
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 TXBE
The long term trend has been DOWN since Feb 9th, 2018 at 202.90
The intermediate term trend has been DOWN since May 28th, 2018 at 198.74
The short term trend has been UP since Jul 17th, 2018 at 192.00
Smart Scan Analysis for TXBE
Based on a pre-defined weighted trend formula for chart analysis, TXBE scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||238.08||52wk High Date||2018-01-15|
|52wk Low||184.63||52wk Low Date||2017-07-21|