Index Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Dow Jones South Korea Index (INDEX:KRDOW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 KRDOW
The long term trend has been DOWN since May 9th, 2019 at 481.08
The intermediate term trend has been DOWN since Jul 7th, 2019 at 470.38
The short term trend has been UP since Jul 19th, 2019 at 477.74
Smart Scan Analysis for KRDOW
Based on a pre-defined weighted trend formula for chart analysis, KRDOW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||598.08||52wk High Date||2018-01-30|
|52wk Low||450.34||52wk Low Date||2018-10-30|