Index Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Dorsey Wright Healthcare Tech Leaders TR (NASDAQ:DWHCTR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 DWHCTR
The long term trend has been UP since Feb 5th, 2019 at 1870.16
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 2030.87
The short term trend has been UP since Aug 19th, 2019 at 2026.87
Smart Scan Analysis for DWHCTR
Based on a pre-defined weighted trend formula for chart analysis, DWHCTR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).