Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
ALPHASHARES CHINA TECH INDEX (CME:ACNIT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 ACNIT
The long term trend has been DOWN since Apr 4th, 2018 at 269.25
The intermediate term trend has been UP since Jan 16th, 2019 at 199.17
The short term trend has been UP since Feb 19th, 2019 at 216.03
Smart Scan Analysis for ACNIT
Based on a pre-defined weighted trend formula for chart analysis, ACNIT scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||313.44||52wk High Date||2018-01-29|
|52wk Low||177.84||52wk Low Date||2018-10-30|