Index Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
Dorsey Wright Healthcare Tech Leaders TR (NASDAQ:DWHCTR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Mar 27th, 2019 at 1797.67
The short term trend has been DOWN since Apr 12th, 2019 at 1835.94
Smart Scan Analysis for DWHCTR
Based on a pre-defined weighted trend formula for chart analysis, DWHCTR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).