Index Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
BNY MELLON EMERGING MARKETS 50 ADR INDEX (CME:BKTEM)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 BKTEM
The long term trend has been DOWN since May 13th, 2019 at 2504.36
The intermediate term trend has been DOWN since Apr 25th, 2019 at 2638.23
The short term trend has been DOWN since May 6th, 2019 at 2644.18
Smart Scan Analysis for BKTEM
Based on a pre-defined weighted trend formula for chart analysis, BKTEM scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3123.05||52wk High Date||2018-01-26|
|52wk Low||2291.17||52wk Low Date||2018-10-29|