Future Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
COCOA MAY 2020 (ICE:@CC.K20)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for @CC.K20
The long term trend has been UP since Nov 7th, 2018 at 2411
The intermediate term trend has been DOWN since Mar 1st, 2019 at 2299
The short term trend has been DOWN since Mar 20th, 2019 at 2246
Smart Scan Analysis for @CC.K20
Based on a pre-defined weighted trend formula for chart analysis, @CC.K20 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk Low||2115|
|52wk Low Date||2018-10-01||Volatility||22.92|