Index Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
Amundi Hang Seng HK 35 Index ETF (HKD) (GIF:3012)
Crossroads (+60) - 3012 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid 3012?
MarketClub looks at technical strength and momentum to determine if the timing is right for 3012.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 3012
The long-term trend has been UP since Jul 6th, 2020 at 18.833
The intermediate-term trend has been DOWN since Jul 24th, 2020 at 17.682
The short-term trend has been DOWN since Aug 7th, 2020 at 17.880
Smart Scan Analysis for 3012
Based on our trend formula, 3012 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).