Index Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
BNY MELLON TAIWAN ADR INDEX (CME:BKTW)
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 BKTW
The long term trend has been UP since Apr 1st, 2019 at 481.25
The intermediate term trend has been DOWN since May 9th, 2019 at 495.13
The short term trend has been DOWN since May 6th, 2019 at 508.69
Smart Scan Analysis for BKTW
Based on a pre-defined weighted trend formula for chart analysis, BKTW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||550.24||52wk High Date||2018-01-23|
|52wk Low||418.89||52wk Low Date||2018-11-20|