Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Reality Shares Nasdaq Blockchain China HKD Index (NASDAQ:RSBCNAUSHKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 RSBCNAUSHKD
The long term trend has been DOWN since Jun 3rd, 2019 at 801.27
The intermediate term trend has been UP since Oct 14th, 2019 at 808.97
The short term trend has been UP since Oct 10th, 2019 at 784.14
Smart Scan Analysis for RSBCNAUSHKD
Based on a pre-defined weighted trend formula for chart analysis, RSBCNAUSHKD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).