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Index Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

BNY Mellon Africa GDR Total Return Index (CME:BKGAFT)

Sidelines Mode (+55) - BKGAFT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BKGAFT?

MarketClub looks at technical strength and momentum to determine if the timing is right for BKGAFT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_BKGAFT
Open High Low BKGAFT Price Change
1411.07 1411.07 1411.07 1411.07 -17.51
Entry Signal

MarketClub’s Trade Triangles for BKGAFT

long term up The long-term trend has been UP since Jul 19th, 2021 at 1311.66

intermediate term up The intermediate-term trend has been UP since Dec 14th, 2021 at 1411.95

short term down The short-term trend has been DOWN since Jan 18th, 2022 at 1442.65

Smart Scan Analysis for BKGAFT

Based on our trend formula, BKGAFT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BKGAFT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1411.07 1411.07 1411.07 1411.07 -17.51
Prev. Close Volume Bid Ask Time
1411.07 0 2022-01-25 16:16:33
52wk High1609.6852wk High Date2018-05-11
52wk Low1230.3752wk Low Date2018-11-28
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