Index Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
BNY MELLON TAIWAN ADR INDEX (CME:BKTW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 BKTW
The long term trend has been DOWN since Jan 3rd, 2019 at 418.89
The intermediate term trend has been DOWN since Dec 21st, 2018 at 424.54
The short term trend has been UP since Jan 18th, 2019 at 433.53
Smart Scan Analysis for BKTW
Based on a pre-defined weighted trend formula for chart analysis, BKTW scored -55 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|