Index Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
NASDAQ DM ASIA CONSTRUCTION & MATLS TRUST INDEX (NASDAQ:NQDMASIA2300T)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NQDMASIA2300T
The long term trend has been DOWN since Jul 2nd, 2018 at 1978.86
The intermediate term trend has been DOWN since Aug 6th, 2018 at 1935.27
The short term trend has been DOWN since Jul 30th, 2018 at 2024.80
Smart Scan Analysis for NQDMASIA2300T
Based on a pre-defined weighted trend formula for chart analysis, NQDMASIA2300T scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2225.33||52wk High Date||2018-01-24|
|52wk Low||1855.03||52wk Low Date||2017-08-18|