Index Trend Analysis Report
Prepared for you on Wednesday, September 20, 2017.
NASDAQ AUSTRALIA MID-CAP TRUST INDEX (NASDAQ:NQAUMCT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 NQAUMCT
The long term trend has been UP since Jan 8th, 2017 at 1290.98
The intermediate term trend has been UP since Aug 16th, 2017 at 1507.57
The short term trend has been DOWN since Sep 18th, 2017 at 1530.83
Smart Scan Analysis for NQAUMCT
Based on a pre-defined weighted trend formula for chart analysis, NQAUMCT scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1551.21||52wk High Date||2017-09-11|
|52wk Low||1171.99||52wk Low Date||2016-11-09|