Index Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
BNY Mellon Asia GDR Index (CME:BKGAS)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 BKGAS
The long term trend has been DOWN since May 9th, 2019 at 2348.68
The intermediate term trend has been UP since Jun 3rd, 2019 at 2384.14
The short term trend has been UP since Jul 22nd, 2019 at 2477.81
Smart Scan Analysis for BKGAS
Based on a pre-defined weighted trend formula for chart analysis, BKGAS scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2888.13||52wk High Date||2018-01-29|
|52wk Low||2122.59||52wk Low Date||2018-10-26|