Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
NYSE Leveraged 2x NKE Index (GIF:NY2LNKE)
Long-Term Uptrend (+90) - NY2LNKE is in a strong uptrend that is likely to continue. While NY2LNKE 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 NY2LNKE?
MarketClub looks at technical strength and momentum to determine if the timing is right for NY2LNKE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NY2LNKE
The long-term trend has been UP since Jun 2nd, 2020 at 131.756
The intermediate-term trend has been UP since Aug 5th, 2020 at 127.216
The short-term trend has been UP since Jul 31st, 2020 at 120.515
Smart Scan Analysis for NY2LNKE
Based on our trend formula, NY2LNKE is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).