Index Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
S&P TSX EQUAL WEIGHT GLOBAL GOLD INDEX (TSE:TXGE)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 TXGE
The long term trend has been UP since Dec 19th, 2018 at 1069.64
The intermediate term trend has been DOWN since Jan 15th, 2019 at 1060.47
The short term trend has been DOWN since Jan 7th, 2019 at 1091.78
Smart Scan Analysis for TXGE
Based on a pre-defined weighted trend formula for chart analysis, TXGE scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1239.74||52wk High Date||2018-01-24|
|52wk Low||901.79||52wk Low Date||2018-11-13|