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Index Trend Analysis Report

Prepared for you on Monday, August 10, 2020.

CHINAAMC DIREXION NASDAQ-100 DAILY (-1X) INVERSE PRODUCT (GIF:7331)

Strong Downtrend (-100) - 7331 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid 7331?

MarketClub looks at technical strength and momentum to determine if the timing is right for 7331.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

GIF_7331
Open High Low 7331 Price Change
5.4508 5.4564 5.4400 5.4452 -0.0058
Entry Signal

MarketClub’s Trade Triangles for 7331

long term down The long-term trend has been DOWN since May 6th, 2020 at 6.9099

intermediate term down The intermediate-term trend has been DOWN since Mar 30th, 2020 at 8.0192

short term down The short-term trend has been DOWN since Jul 30th, 2020 at 5.6406

Smart Scan Analysis for 7331

Based on our trend formula, 7331 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for 7331
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.4508 5.4564 5.4400 5.4452 -0.0058
Prev. Close Volume Bid Ask Time
6.3087 0 2020-08-10 03:26:00
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