Index Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
Amundi Hang Seng HK 35 Index ETF (CNY) (GIF:83012)
Long-Term Downtrend (-90) - 83012 is in a strong downtrend that is likely to continue. While 83012 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid 83012?
MarketClub looks at technical strength and momentum to determine if the timing is right for 83012.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for 83012
The long-term trend has been DOWN since Sep 21st, 2020 at 15.816
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 16.350
The short-term trend has been DOWN since Sep 16th, 2020 at 16.482
Smart Scan Analysis for 83012
Based on our trend formula, 83012 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).