Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
NASDAQ CHINA BASIC MATLS INDEX (NASDAQ:NQCN1000)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 NQCN1000
The long term trend has been DOWN since Jun 18th, 2018 at 876.58
The intermediate term trend has been DOWN since Aug 14th, 2018 at 744.67
The short term trend has been UP since Sep 13th, 2018 at 708.80
Smart Scan Analysis for NQCN1000
Based on a pre-defined weighted trend formula for chart analysis, NQCN1000 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1075.68||52wk High Date||2018-01-29|
|52wk Low||686.76||52wk Low Date||2018-09-12|