Index Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
NASDAQ HONG KONG OIL & GAS INDEX (NASDAQ:NQHK0001)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 NQHK0001
The long term trend has been UP since Jul 3rd, 2017 at 1241.59
The intermediate term trend has been DOWN since Nov 17th, 2017 at 1631.23
The short term trend has been DOWN since Nov 15th, 2017 at 1692.82
Smart Scan Analysis for NQHK0001
Based on a pre-defined weighted trend formula for chart analysis, NQHK0001 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1751.9||52wk High Date||2017-11-15|
|52wk Low||1030.45||52wk Low Date||2016-12-22|