Index Trend Analysis Report
Prepared for you on Thursday, June 24, 2021.
Morningstar Hong Kong Index PR HKD (CME:MSHKHKDP)
Sidelines Mode (+55) - MSHKHKDP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MSHKHKDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MSHKHKDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MSHKHKDP
The long-term trend has been UP since Jul 3rd, 2020 at 3458.13
The intermediate-term trend has been DOWN since Jun 7th, 2021 at 4294.20
The short-term trend has been UP since Jun 23rd, 2021 at 4275.02
Smart Scan Analysis for MSHKHKDP
Based on our trend formula, MSHKHKDP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).