Index Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Morningstar Thailand Index PR THB (CME:MSTHTHBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 MSTHTHBP
The long term trend has been UP since Jun 18th, 2019 at 5183.72
The intermediate term trend has been UP since Sep 4th, 2019 at 5161.97
The short term trend has been DOWN since Sep 10th, 2019 at 5198.05
Smart Scan Analysis for MSTHTHBP
Based on a pre-defined weighted trend formula for chart analysis, MSTHTHBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).