Index Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
NASDAQ DM ASIA CONSTRUCTION & MATLS TRUST INDEX (NASDAQ:NQDMASIA2300T)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 NQDMASIA2300T
The long term trend has been DOWN since Jul 2nd, 2018 at 1978.86
The intermediate term trend has been DOWN since Oct 9th, 2018 at 1973.55
The short term trend has been UP since Oct 16th, 2018 at 1926.37
Smart Scan Analysis for NQDMASIA2300T
Based on a pre-defined weighted trend formula for chart analysis, NQDMASIA2300T scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2225.33||52wk High Date||2018-01-24|
|52wk Low||1867.85||52wk Low Date||2018-08-16|