Index Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Dow Jones Malaysia Index (INDEX:MYDOW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 MYDOW
The long term trend has been DOWN since May 9th, 2019 at 310.04
The intermediate term trend has been UP since Jun 2nd, 2019 at 314.22
The short term trend has been UP since Jun 18th, 2019 at 315.96
Smart Scan Analysis for MYDOW
Based on a pre-defined weighted trend formula for chart analysis, MYDOW scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||383.02||52wk High Date||2018-03-05|
|52wk Low||312.21||52wk Low Date||2018-10-25|