Index Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
NASDAQ ASIA BASIC MATLS INDEX (NASDAQ:NQASIA1000)
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 NQASIA1000
The long term trend has been DOWN since Mar 22nd, 2018 at 1372.07
The intermediate term trend has been DOWN since Aug 15th, 2018 at 1259.07
The short term trend has been UP since Sep 13th, 2018 at 1243.52
Smart Scan Analysis for NQASIA1000
Based on a pre-defined weighted trend formula for chart analysis, NQASIA1000 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1558.64||52wk High Date||2018-01-29|
|52wk Low||1218.22||52wk Low Date||2018-09-12|