Index Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
NASDAQ ASIA BASIC MATLS INDEX (NASDAQ:NQASIA1000)
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.
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 May 29th, 2018 at 1373.69
The short term trend has been DOWN since Jun 11th, 2018 at 1390.47
Smart Scan Analysis for NQASIA1000
Based on a pre-defined weighted trend formula for chart analysis, NQASIA1000 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1558.64||52wk High Date||2018-01-29|
|52wk Low||1195.43||52wk Low Date||2017-06-26|