Index Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
NASDAQ AUSTRALIA TECH INDEX (NASDAQ:NQAU9000)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NQAU9000
The long term trend has been UP since May 22nd, 2017 at 1227.67
The intermediate term trend has been UP since Oct 11th, 2017 at 1332.96
The short term trend has been DOWN since Nov 29th, 2017 at 1369.54
Smart Scan Analysis for NQAU9000
Based on a pre-defined weighted trend formula for chart analysis, NQAU9000 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1401.51||52wk High Date||2017-11-29|
|52wk Low||1131.59||52wk Low Date||2017-03-08|