Index Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
NASDAQ EUROPE TELECOM INDEX (NASDAQ:NQEU6000)
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 NQEU6000
The long term trend has been DOWN since Nov 3rd, 2017 at 1050.91
The intermediate term trend has been DOWN since Oct 2nd, 2017 at 1074.68
The short term trend has been UP since Nov 15th, 2017 at 1040.93
Smart Scan Analysis for NQEU6000
Based on a pre-defined weighted trend formula for chart analysis, NQEU6000 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1127.88||52wk High Date||2017-08-08|
|52wk Low||906.02||52wk Low Date||2016-11-29|