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Index Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Dow Jones Malaysia Index (INDEX:MYDOW)

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.

Open High Low MYDOW Price Change
300.59 300.70 299.78 300.59 +1.96
Entry Signal

MarketClub’s Trade Triangles for MYDOW

long term down The long term trend has been DOWN since Sep 3rd, 2019 at 302.19

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 317.46

short term up The short term trend has been UP since Oct 14th, 2019 at 298.89

Smart Scan Analysis for MYDOW

Based on a pre-defined weighted trend formula for chart analysis, MYDOW scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MYDOW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
300.59 300.70 299.78 300.59 +1.96
Prev. Close Volume Bid Ask Time
298.93 0 2019-10-14 08:44:11
52wk High383.0200000052wk High Date2018-03-05
52wk Low312.2100000052wk Low Date2018-10-25
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