Index Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
NASDAQ DM ASIA BASIC RESOURCES NTR INDEX (NASDAQ:NQDMASIA1700N)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 NQDMASIA1700N
The long term trend has been UP since Apr 11th, 2016 at 1014.97
The intermediate term trend has been UP since Dec 4th, 2017 at 1459.51
The short term trend has been DOWN since Dec 14th, 2017 at 1448.80
Smart Scan Analysis for NQDMASIA1700N
Based on a pre-defined weighted trend formula for chart analysis, NQDMASIA1700N scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1481.06||52wk High Date||2017-12-05|
|52wk Low||1117.73||52wk Low Date||2017-01-03|