Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
NASDAQ DM ASIA FOOD & BEVERAGE NTR INDEX (NASDAQ:NQDMASIA3500N)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NQDMASIA3500N
The long term trend has been DOWN since Feb 8th, 2018 at 1690.60
The intermediate term trend has been UP since Nov 8th, 2018 at 1610.04
The short term trend has been UP since Nov 15th, 2018 at 1601.64
Smart Scan Analysis for NQDMASIA3500N
Based on a pre-defined weighted trend formula for chart analysis, NQDMASIA3500N scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1858.47||52wk High Date||2018-01-29|
|52wk Low||1541.51||52wk Low Date||2018-10-29|