Index Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Poliwogg Medical Breakthroughs Index (CME:PMBI)
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 PMBI
The long term trend has been UP since Feb 15th, 2019 at 7381.15
The intermediate term trend has been DOWN since Jul 23rd, 2019 at 7825.18
The short term trend has been DOWN since Aug 22nd, 2019 at 7830.23
Smart Scan Analysis for PMBI
Based on a pre-defined weighted trend formula for chart analysis, PMBI scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).