Index Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Dorsey Wright Emerging Markets Tech Leaders (NASDAQ:DWAEM)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DWAEM
The long term trend has been UP since Jun 20th, 2019 at 94.840
The intermediate term trend has been DOWN since Nov 28th, 2019 at 99.642
The short term trend has been UP since Dec 3rd, 2019 at 98.844
Smart Scan Analysis for DWAEM
Based on a pre-defined weighted trend formula for chart analysis, DWAEM scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||117.08||52wk High Date||2018-01-26|
|52wk Low||83.39||52wk Low Date||2018-10-25|