Index Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
NASDAQ HONG KONG HEALTH CARE INDEX (NASDAQ:NQHK4000)
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 NQHK4000
The long term trend has been DOWN since Aug 1st, 2018 at 3059.14
The intermediate term trend has been DOWN since Jun 19th, 2018 at 3522.59
The short term trend has been UP since Aug 21st, 2018 at 2712.52
Smart Scan Analysis for NQHK4000
Based on a pre-defined weighted trend formula for chart analysis, NQHK4000 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3922.16||52wk High Date||2018-05-29|
|52wk Low||1446.16||52wk Low Date||2017-08-21|