Index Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
OMX Helsinki Basic Resources GI (NASDAQ:HX1700GI)
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 HX1700GI
The long term trend has been UP since Sep 10th, 2019 at 1629.14
The intermediate term trend has been UP since Aug 30th, 2019 at 1524.65
The short term trend has been DOWN since Sep 18th, 2019 at 1656.20
Smart Scan Analysis for HX1700GI
Based on a pre-defined weighted trend formula for chart analysis, HX1700GI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2249.1||52wk High Date||2018-06-07|
|52wk Low||1515.89||52wk Low Date||2018-11-28|