Index Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
BLOM Emerging Shariah Index (Net TR) (CME:BESI)
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 BESI
The long term trend has been DOWN since May 9th, 2019 at 1293.27
The intermediate term trend has been UP since Jun 10th, 2019 at 1267.82
The short term trend has been UP since Jul 15th, 2019 at 1323.29
Smart Scan Analysis for BESI
Based on a pre-defined weighted trend formula for chart analysis, BESI scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1541.83||52wk High Date||2018-01-29|
|52wk Low||1218.24||52wk Low Date||2018-10-30|