Index Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
NASDAQ EGYPT FINANCIALS INDEX (NASDAQ:NQEG8000)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 NQEG8000
The long term trend has been UP since Jan 8th, 2018 at 1196.62
The intermediate term trend has been DOWN since May 9th, 2018 at 1373.74
The short term trend has been DOWN since Jun 19th, 2018 at 1309.55
Smart Scan Analysis for NQEG8000
Based on a pre-defined weighted trend formula for chart analysis, NQEG8000 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1476.73||52wk High Date||2018-04-26|
|52wk Low||1100.7||52wk Low Date||2017-10-17|