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Index Trend Analysis Report

Prepared for you on Saturday, April 20, 2019.

Dorsey Wright Basic Materials Tech Leaders (NASDAQ:DWBM)

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.

NASDAQ_DWBM
Open High Low DWBM Price Change
1207.43 1211.65 1199.85 1205.23 -3.03
Entry Signal

MarketClub’s Trade Triangles for DWBM

long term down The long term trend has been DOWN since Oct 9th, 2018 at 1306.58

intermediate term up The intermediate term trend has been UP since Apr 2nd, 2019 at 1181.88

short term down The short term trend has been DOWN since Apr 18th, 2019 at 1203.08

Smart Scan Analysis for DWBM

Based on a pre-defined weighted trend formula for chart analysis, DWBM scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for DWBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1207.43 1211.65 1199.85 1205.23 -3.03
Prev. Close Volume Bid Ask Time
1184.07 0 2019-04-18 17:15:30
52wk High1472.5752wk High Date2018-01-12
52wk Low1122.6652wk Low Date2018-10-26
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