Index Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Dow Jones Hong Kong Index (INDEX:HKDOW)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 HKDOW
The long term trend has been DOWN since May 30th, 2019 at 561.22
The intermediate term trend has been UP since Oct 16th, 2019 at 525.10
The short term trend has been UP since Oct 11th, 2019 at 514.40
Smart Scan Analysis for HKDOW
Based on a pre-defined weighted trend formula for chart analysis, HKDOW scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||621.94000000||52wk High Date||2018-01-29|
|52wk Low||486.42000000||52wk Low Date||2018-10-30|