Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
OMX Baltic Health Care PI (NASDAQ:B4500PI)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 B4500PI
The long term trend has been UP since Jan 8th, 2019 at 1239.48
The intermediate term trend has been UP since Nov 19th, 2019 at 1593.81
The short term trend has been DOWN since Dec 4th, 2019 at 1701.45
Smart Scan Analysis for B4500PI
Based on a pre-defined weighted trend formula for chart analysis, B4500PI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1657.99||52wk High Date||2017-11-30|
|52wk Low||1120.67||52wk Low Date||2018-10-23|