Index Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Dorsey Wright Developed Markets Tech Leaders NTR (NASDAQ:DWADMNTR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DWADMNTR
The long term trend has been DOWN since Nov 12th, 2019 at 140.720
The intermediate term trend has been UP since Dec 9th, 2019 at 154.784
The short term trend has been UP since Jan 7th, 2020 at 159.534
Smart Scan Analysis for DWADMNTR
Based on a pre-defined weighted trend formula for chart analysis, DWADMNTR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).