Index Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
NASDAQ EMEA BANKS TRUST INDEX (NASDAQ:NQEMEA8300T)
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 NQEMEA8300T
The long term trend has been DOWN since Apr 3rd, 2018 at 1250.38
The intermediate term trend has been DOWN since Aug 10th, 2018 at 1114.19
The short term trend has been UP since Aug 21st, 2018 at 1090.04
Smart Scan Analysis for NQEMEA8300T
Based on a pre-defined weighted trend formula for chart analysis, NQEMEA8300T scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1429.5||52wk High Date||2018-01-26|
|52wk Low||1066.47||52wk Low Date||2018-08-15|