Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
NASDAQ CHINA CONSUMER GOODS TRUST INDEX (NASDAQ:NQCN3000T)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 NQCN3000T
The long term trend has been DOWN since Jun 27th, 2018 at 1468.69
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1252.41
The short term trend has been UP since Oct 21st, 2018 at 1199.65
Smart Scan Analysis for NQCN3000T
Based on a pre-defined weighted trend formula for chart analysis, NQCN3000T scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1671.28||52wk High Date||2018-01-23|
|52wk Low||1154.91||52wk Low Date||2018-10-19|