Index Trend Analysis Report
Prepared for you on Sunday, September 22, 2019.
BNY Mellon Taiwan DR Index (CME:BKDTW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 BKDTW
The long term trend has been DOWN since May 23rd, 2019 at 2143.83
The intermediate term trend has been UP since Sep 3rd, 2019 at 2357.56
The short term trend has been DOWN since Sep 20th, 2019 at 2443.46
Smart Scan Analysis for BKDTW
Based on a pre-defined weighted trend formula for chart analysis, BKDTW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2821.43||52wk High Date||2018-01-23|
|52wk Low||2031.88||52wk Low Date||2018-11-20|