Index Trend Analysis Report
Prepared for you on Friday, April 19, 2019.
DJ MALALYSIA STOCK INDEX (USD) (INDEX:MYDOWD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 MYDOWD
The long term trend has been UP since Feb 6th, 2019 at 211.90
The intermediate term trend has been DOWN since Mar 10th, 2019 at 211.97
The short term trend has been DOWN since Apr 7th, 2019 at 209.37
Smart Scan Analysis for MYDOWD
Based on a pre-defined weighted trend formula for chart analysis, MYDOWD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||256.79||52wk High Date||2018-01-29|
|52wk Low||203.7||52wk Low Date||2018-10-30|