Index Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
NASDAQ ASIA OIL & GAS INDEX (NASDAQ:NQASIA0001)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NQASIA0001
The long term trend has been UP since Aug 27th, 2018 at 1075.78
The intermediate term trend has been DOWN since Oct 7th, 2018 at 1029.92
The short term trend has been UP since Oct 15th, 2018 at 1020.91
Smart Scan Analysis for NQASIA0001
Based on a pre-defined weighted trend formula for chart analysis, NQASIA0001 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1113.37||52wk High Date||2018-09-28|
|52wk Low||926.3||52wk Low Date||2017-10-20|