Index Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
NASDAQ DM ASIA FINANCIAL SERVICES INDEX (NASDAQ:NQDMASIA8700)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 NQDMASIA8700
The long term trend has been DOWN since May 29th, 2018 at 1594.02
The intermediate term trend has been DOWN since Aug 2nd, 2018 at 1444.43
The short term trend has been UP since Aug 17th, 2018 at 1404.53
Smart Scan Analysis for NQDMASIA8700
Based on a pre-defined weighted trend formula for chart analysis, NQDMASIA8700 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1826.03||52wk High Date||2018-01-29|
|52wk Low||1381.95||52wk Low Date||2018-08-16|