Index Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
NASDAQ AUSTRALIA TECH INDEX (NASDAQ:NQAU9000)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 NQAU9000
The long term trend has been DOWN since Oct 10th, 2018 at 1405.25
The intermediate term trend has been UP since Nov 7th, 2018 at 1398.82
The short term trend has been DOWN since Dec 6th, 2018 at 1446.70
Smart Scan Analysis for NQAU9000
Based on a pre-defined weighted trend formula for chart analysis, NQAU9000 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1655.1||52wk High Date||2018-08-23|
|52wk Low||1257.9||52wk Low Date||2018-10-26|