Index Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
NASDAQ EM ASIA CONSTRUCTION & MATLS TRUST INDEX (NASDAQ:NQEMASIA2300T)
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 NQEMASIA2300T
The long term trend has been UP since Feb 6th, 2017 at 1010.19
The intermediate term trend has been UP since Dec 20th, 2017 at 1139.07
The short term trend has been DOWN since Jan 21st, 2018 at 1222.22
Smart Scan Analysis for NQEMASIA2300T
Based on a pre-defined weighted trend formula for chart analysis, NQEMASIA2300T scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1234.55||52wk High Date||2018-01-18|
|52wk Low||958.06||52wk Low Date||2017-01-23|