Index Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
NASDAQ CHINA OIL & GAS TRUST INDEX (NASDAQ:NQCN0001T)
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 NQCN0001T
The long term trend has been UP since Sep 6th, 2017 at 718.44
The intermediate term trend has been UP since Dec 13th, 2017 at 769.34
The short term trend has been DOWN since Jan 16th, 2018 at 860.60
Smart Scan Analysis for NQCN0001T
Based on a pre-defined weighted trend formula for chart analysis, NQCN0001T scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||883.83||52wk High Date||2018-01-15|
|52wk Low||670.86||52wk Low Date||2017-07-10|