Index Trend Analysis Report
Prepared for you on Tuesday, October 22, 2019.
S&P China A 300 Telecommunication Services Index (CNY) (CME:SPC30050)
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 SPC30050
The long term trend has been UP since Sep 10th, 2019 at 1612.11
The intermediate term trend has been DOWN since Sep 23rd, 2019 at 1536.04
The short term trend has been DOWN since Oct 22nd, 2019 at 1522.45
Smart Scan Analysis for SPC30050
Based on a pre-defined weighted trend formula for chart analysis, SPC30050 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2296.45000000||52wk High Date||2017-12-04|
|52wk Low||1361.38000000||52wk Low Date||2018-10-19|