Index Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Dow Jones South Korea Index (USD) (INDEX:KRDOWD)
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 KRDOWD
The long term trend has been DOWN since Jan 3rd, 2019 at 299.98
The intermediate term trend has been DOWN since Jul 7th, 2019 at 301.91
The short term trend has been UP since Jul 18th, 2019 at 307.04
Smart Scan Analysis for KRDOWD
Based on a pre-defined weighted trend formula for chart analysis, KRDOWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||424.89||52wk High Date||2018-01-29|
|52wk Low||298.49||52wk Low Date||2018-10-30|