Future Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
COCOA MAY 2020 (ICE:@CC.K20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 @CC.K20
The long term trend has been UP since Nov 12th, 2019 at 2565
The intermediate term trend has been UP since Sep 9th, 2019 at 2295
The short term trend has been UP since Dec 6th, 2019 at 2604
Smart Scan Analysis for @CC.K20
Based on a pre-defined weighted trend formula for chart analysis, @CC.K20 scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2697||52wk High Date||2019-11-18|
|52wk Low||2115||52wk Low Date||2018-10-01|