Index Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Dow Jones Chile Index (USD) (INDEX:CLDOWD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CLDOWD
The long term trend has been DOWN since May 2nd, 2019 at 469.62
The intermediate term trend has been DOWN since Jul 19th, 2019 at 446.38
The short term trend has been UP since Aug 19th, 2019 at 413.41
Smart Scan Analysis for CLDOWD
Based on a pre-defined weighted trend formula for chart analysis, CLDOWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||624.42||52wk High Date||2018-02-01|
|52wk Low||449.36||52wk Low Date||2018-10-31|