Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
NASDAQ BRIC OIL & GAS TRUST INDEX (NASDAQ:NQBRIC0001T)
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 NQBRIC0001T
The long term trend has been UP since Sep 20th, 2018 at 1109.70
The intermediate term trend has been UP since Dec 4th, 2018 at 1134.45
The short term trend has been DOWN since Dec 6th, 2018 at 1123.39
Smart Scan Analysis for NQBRIC0001T
Based on a pre-defined weighted trend formula for chart analysis, NQBRIC0001T scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1189.31||52wk High Date||2018-10-03|
|52wk Low||910.72||52wk Low Date||2017-12-01|