Index Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
NASDAQ HONG KONG BASIC MATLS NTR INDEX (NASDAQ:NQHK1000N)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NQHK1000N
The long term trend has been DOWN since Dec 5th, 2017 at 1100.00
The intermediate term trend has been UP since Dec 4th, 2018 at 566.39
The short term trend has been UP since Nov 28th, 2018 at 558.09
Smart Scan Analysis for NQHK1000N
Based on a pre-defined weighted trend formula for chart analysis, NQHK1000N scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1172.18||52wk High Date||2018-01-15|
|52wk Low||499.24||52wk Low Date||2018-10-30|