Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
NASDAQ EM ASIA BASIC RESOURCES INDEX (NASDAQ:NQEMASIA1700)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 NQEMASIA1700
The long term trend has been DOWN since May 23rd, 2018 at 961.14
The intermediate term trend has been DOWN since Oct 7th, 2018 at 860.76
The short term trend has been UP since Oct 21st, 2018 at 835.82
Smart Scan Analysis for NQEMASIA1700
Based on a pre-defined weighted trend formula for chart analysis, NQEMASIA1700 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1163.15||52wk High Date||2018-01-29|
|52wk Low||814.9||52wk Low Date||2018-10-11|