Index Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Dorsey Wright Healthcare Tech Leaders TR (NASDAQ:DWHCTR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since May 6th, 2019 at 1852.41
The short term trend has been DOWN since May 23rd, 2019 at 1808.07
Smart Scan Analysis for DWHCTR
Based on a pre-defined weighted trend formula for chart analysis, DWHCTR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).