Index Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
NASDAQ AUSTRALIA OIL & GAS TRUST INDEX (NASDAQ:NQAU0001T)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NQAU0001T
The long term trend has been UP since Aug 27th, 2017 at 732.61
The intermediate term trend has been DOWN since Oct 3rd, 2017 at 721.19
The short term trend has been DOWN since Oct 18th, 2017 at 743.34
Smart Scan Analysis for NQAU0001T
Based on a pre-defined weighted trend formula for chart analysis, NQAU0001T scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||750.02||52wk High Date||2017-09-26|
|52wk Low||605.26||52wk Low Date||2016-11-09|