Index Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
BNY MELLON INDONESIA CLASSIC ADR INDEX (CME:BKCID)
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 BKCID
The long term trend has been UP since Nov 6th, 2018 at 1821.07
The intermediate term trend has been DOWN since Feb 12th, 2019 at 1982.13
The short term trend has been UP since Mar 15th, 2019 at 1898.22
Smart Scan Analysis for BKCID
Based on a pre-defined weighted trend formula for chart analysis, BKCID scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2325.97||52wk High Date||2017-12-06|
|52wk Low||1572.84||52wk Low Date||2018-10-11|