Index Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
NASDAQ DM ASIA BANKS NTR INDEX (NASDAQ:NQDMASIA8300N)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NQDMASIA8300N
The long term trend has been UP since Oct 15th, 2017 at 1479.15
The intermediate term trend has been UP since Nov 27th, 2017 at 1512.66
The short term trend has been DOWN since Jan 17th, 2018 at 1701.53
Smart Scan Analysis for NQDMASIA8300N
Based on a pre-defined weighted trend formula for chart analysis, NQDMASIA8300N scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1721.75||52wk High Date||2018-01-15|
|52wk Low||1306.53||52wk Low Date||2017-04-14|