Index Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
NASDAQ EMERGING OIL & GAS TRUST INDEX (NASDAQ:NQEM0001T)
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 NQEM0001T
The long term trend has been UP since Sep 19th, 2018 at 1130.71
The intermediate term trend has been UP since Sep 18th, 2018 at 1119.62
The short term trend has been DOWN since Oct 11th, 2018 at 1155.51
Smart Scan Analysis for NQEM0001T
Based on a pre-defined weighted trend formula for chart analysis, NQEM0001T scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1206.92||52wk High Date||2018-10-03|
|52wk Low||939.45||52wk Low Date||2017-11-16|