Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
NASDAQ Golden Dragon China Index (NASDAQ:HXC)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 HXC
The long term trend has been DOWN since May 20th, 2019 at 8683.96
The intermediate term trend has been DOWN since Jul 31st, 2019 at 8780.10
The short term trend has been UP since Aug 8th, 2019 at 8190.55
Smart Scan Analysis for HXC
Based on a pre-defined weighted trend formula for chart analysis, HXC scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||12319.35||52wk High Date||2018-06-12|
|52wk Low||7633.26||52wk Low Date||2018-10-30|