Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
BNY Mellon Lebanon GDR Total Return Index (CME:BKGLBT)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 BKGLBT
The long term trend has been DOWN since May 13th, 2019 at 689.04
The intermediate term trend has been UP since Jul 17th, 2019 at 636.73
The short term trend has been UP since Jul 8th, 2019 at 634.32
Smart Scan Analysis for BKGLBT
Based on a pre-defined weighted trend formula for chart analysis, BKGLBT scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||856.76||52wk High Date||2018-04-16|
|52wk Low||702.21||52wk Low Date||2018-11-23|