Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
NASDAQ AUSTRALIA BASIC MATLS INDEX (NASDAQ:NQAU1000)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 NQAU1000
The long term trend has been UP since Jul 12th, 2017 at 622.87
The intermediate term trend has been DOWN since Feb 4th, 2018 at 767.39
The short term trend has been DOWN since Mar 22nd, 2018 at 704.32
Smart Scan Analysis for NQAU1000
Based on a pre-defined weighted trend formula for chart analysis, NQAU1000 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||800.19||52wk High Date||2018-01-15|
|52wk Low||543.18||52wk Low Date||2017-05-05|