Index Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
BNY MELLON TELECOM CLASSIC AD (CME:BKCTC)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 BKCTC
The long term trend has been DOWN since May 9th, 2019 at 992.42
The intermediate term trend has been DOWN since Apr 24th, 2019 at 1004.36
The short term trend has been UP since May 20th, 2019 at 981.82
Smart Scan Analysis for BKCTC
Based on a pre-defined weighted trend formula for chart analysis, BKCTC scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1203.42||52wk High Date||2018-01-26|
|52wk Low||953.04||52wk Low Date||2018-10-29|