Index Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Poliwogg Medical Breakthroughs Index (CME:PMBI)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 PMBI
The long term trend has been UP since Nov 19th, 2019 at 8115.77
The intermediate term trend has been DOWN since Jan 2nd, 2020 at 9179.02
The short term trend has been DOWN since Jan 22nd, 2020 at 9214.47
Smart Scan Analysis for PMBI
Based on a pre-defined weighted trend formula for chart analysis, PMBI scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).