Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Reality Shares Nasdaq Blockchain China HKD Index (NASDAQ:RSBCNAUSHKD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 RSBCNAUSHKD
The long term trend has been DOWN since Jun 3rd, 2019 at 801.27
The intermediate term trend has been DOWN since Jul 22nd, 2019 at 800.94
The short term trend has been UP since Aug 14th, 2019 at 747.14
Smart Scan Analysis for RSBCNAUSHKD
Based on a pre-defined weighted trend formula for chart analysis, RSBCNAUSHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).