Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Morningstar Indonesia Index PR IDR (CME:MSIDIDRP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 MSIDIDRP
The long term trend has been DOWN since May 5th, 2019 at 12435
The intermediate term trend has been UP since Jun 9th, 2019 at 12473
The short term trend has been UP since Jul 15th, 2019 at 13156
Smart Scan Analysis for MSIDIDRP
Based on a pre-defined weighted trend formula for chart analysis, MSIDIDRP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).