Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
NASDAQ FINLAND MID-CAP NTR INDEX (NASDAQ:NQFIMCN)
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 NQFIMCN
The long term trend has been DOWN since Jul 20th, 2018 at 1824.91
The intermediate term trend has been DOWN since Oct 8th, 2018 at 1779.53
The short term trend has been UP since Oct 16th, 2018 at 1748.95
Smart Scan Analysis for NQFIMCN
Based on a pre-defined weighted trend formula for chart analysis, NQFIMCN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2010.04||52wk High Date||2018-06-07|
|52wk Low||1697.21||52wk Low Date||2018-10-11|