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Index Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

Magellan Global Trust (GIF:MGG-AU)

Long-Term Uptrend (+90) - MGG-AU is in a strong uptrend that is likely to continue. While MGG-AU is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid MGG-AU?

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

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

GIF_MGG-AU
Open High Low MGG-AU Price Change
1.8461 1.8467 1.8442 1.8458 -0.0001
Entry Signal

MarketClub’s Trade Triangles for MGG-AU

long term up The long-term trend has been UP since Jan 9th, 2020 at 1.9776

intermediate term up The intermediate-term trend has been UP since Jul 9th, 2020 at 1.8569

short term up The short-term trend has been UP since Jul 29th, 2020 at 1.8392

Smart Scan Analysis for MGG-AU

Based on our trend formula, MGG-AU is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MGG-AU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8461 1.8467 1.8442 1.8458 -0.0001
Prev. Close Volume Bid Ask Time
1.8175 0 2020-08-06 02:14:57
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