Index Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Dow Jones China Offshore 50 Index (INDEX:DJCHOS50)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DJCHOS50
The long term trend has been DOWN since May 17th, 2019 at 5101.61
The intermediate term trend has been UP since Oct 14th, 2019 at 5016.67
The short term trend has been UP since Oct 11th, 2019 at 4908.31
Smart Scan Analysis for DJCHOS50
Based on a pre-defined weighted trend formula for chart analysis, DJCHOS50 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||6752.84000000||52wk High Date||2018-01-29|
|52wk Low||4537.69000000||52wk Low Date||2018-10-30|