Index Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
Dorsey Wright TL Malaysia MYR Index (NASDAQ:DWATLMYMYR)
Bear Market Rally (-75) - DWATLMYMYR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DWATLMYMYR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DWATLMYMYR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DWATLMYMYR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DWATLMYMYR
The long-term trend has been DOWN since Dec 2nd, 2021 at 1173.92
The intermediate-term trend has been DOWN since Jan 13th, 2022 at 1154.55
The short-term trend has been UP since Jan 26th, 2022 at 1114.48
Smart Scan Analysis for DWATLMYMYR
Based on our trend formula, DWATLMYMYR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).