Index Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
DJ HONG KONG STOCK INDEX (INDEX:HKDOW)
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 HKDOW
The long term trend has been UP since Jan 25th, 2019 at 551.54
The intermediate term trend has been UP since Jan 7th, 2019 at 529.14
The short term trend has been DOWN since Feb 15th, 2019 at 574.59
Smart Scan Analysis for HKDOW
Based on a pre-defined weighted trend formula for chart analysis, HKDOW scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||621.94||52wk High Date||2018-01-29|
|52wk Low||486.42||52wk Low Date||2018-10-30|