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Index Trend Analysis Report

Prepared for you on Wednesday, October 16, 2019.

OMX Iceland Oil & Gas PI (NASDAQ:IX0001PI)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

NASDAQ_IX0001PI
Open High Low IX0001PI Price Change
885.71 893.72 885.67 893.35 +7.43
Entry Signal

MarketClub’s Trade Triangles for IX0001PI

long term down The long term trend has been DOWN since Aug 29th, 2019 at 980.45

intermediate term down The intermediate term trend has been DOWN since Aug 20th, 2019 at 1000.28

short term down The short term trend has been DOWN since Sep 30th, 2019 at 934.81

Smart Scan Analysis for IX0001PI

Based on a pre-defined weighted trend formula for chart analysis, IX0001PI scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for IX0001PI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
885.71 893.72 885.67 893.35 +7.43
Prev. Close Volume Bid Ask Time
905.41 0 2019-10-16 11:34:00
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