Index Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
BNY MELLON AFRICA GDR INDEX (CME:BKGAF)
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 BKGAF
The long term trend has been DOWN since Jun 11th, 2018 at 1007.70
The intermediate term trend has been UP since Dec 19th, 2018 at 901.62
The short term trend has been UP since Jan 23rd, 2019 at 919.27
Smart Scan Analysis for BKGAF
Based on a pre-defined weighted trend formula for chart analysis, BKGAF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1173.06||52wk High Date||2018-04-20|
|52wk Low||865.5||52wk Low Date||2018-11-26|