Index Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
TURKEY LG-CAP BANKS INDEX (CME:BANKA)
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 BANKA
The long term trend has been UP since Jan 16th, 2019 at 9294.66
The intermediate term trend has been UP since Jan 15th, 2019 at 8869.66
The short term trend has been DOWN since Feb 13th, 2019 at 10053.16
Smart Scan Analysis for BANKA
Based on a pre-defined weighted trend formula for chart analysis, BANKA scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||14727.44||52wk High Date||2018-01-29|
|52wk Low||6921.8||52wk Low Date||2018-09-13|