Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
BNY Mellon China Select ADR Index (CME:BKTCN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 BKTCN
The long term trend has been UP since Nov 1st, 2019 at 5197.24
The intermediate term trend has been DOWN since Jan 27th, 2020 at 5648.55
The short term trend has been DOWN since Jan 21st, 2020 at 5994.19
Smart Scan Analysis for BKTCN
Based on a pre-defined weighted trend formula for chart analysis, BKTCN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6834.28||52wk High Date||2018-01-26|
|52wk Low||4574.33||52wk Low Date||2018-10-29|