Index Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
BNY MELLON MIDDLE EAST GDR TOTAL RETURN (CME:BKGMET)
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 BKGMET
The long term trend has been DOWN since May 31st, 2018 at 620.70
The intermediate term trend has been UP since Feb 11th, 2019 at 541.91
The short term trend has been UP since Feb 11th, 2019 at 541.91
Smart Scan Analysis for BKGMET
Based on a pre-defined weighted trend formula for chart analysis, BKGMET scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||666.68||52wk High Date||2018-04-16|
|52wk Low||546.42||52wk Low Date||2018-11-23|