Index Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
BNY MELLON ARGENTINA ADR INDEX (CME:BKAR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 BKAR
The long term trend has been UP since Jan 9th, 2019 at 216.96
The intermediate term trend has been DOWN since Feb 19th, 2019 at 227.02
The short term trend has been DOWN since Mar 21st, 2019 at 201.41
Smart Scan Analysis for BKAR
Based on a pre-defined weighted trend formula for chart analysis, BKAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||462.34||52wk High Date||2018-01-18|
|52wk Low||158.5||52wk Low Date||2018-08-30|