Index Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Dow Jones Malaysia Index (INDEX:MYDOW)
Long-Term Downtrend (-90) - MYDOW is in a strong downtrend that is likely to continue. While MYDOW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MYDOW?
MarketClub looks at technical strength and momentum to determine if the timing is right for MYDOW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MYDOW
The long-term trend has been DOWN since May 6th, 2021 at 300.30
The intermediate-term trend has been DOWN since May 3rd, 2021 at 306.18
The short-term trend has been DOWN since Apr 28th, 2021 at 308.39
Smart Scan Analysis for MYDOW
Based on our trend formula, MYDOW is rated as a -90 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|