Index Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Dorsey Wright Technical Leaders Malaysia Index (NASDAQ:DWATLMY)
Long-Term Downtrend (-90) - DWATLMY is in a strong downtrend that is likely to continue. While DWATLMY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DWATLMY?
MarketClub looks at technical strength and momentum to determine if the timing is right for DWATLMY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DWATLMY
The long-term trend has been DOWN since May 6th, 2021 at 2005.45
The intermediate-term trend has been DOWN since Mar 8th, 2021 at 2067.52
The short-term trend has been DOWN since Apr 28th, 2021 at 2042.74
Smart Scan Analysis for DWATLMY
Based on our trend formula, DWATLMY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).