Index Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
NASDAQ HONG KONG MID-CAP NTR INDEX (NASDAQ:NQHKMCN)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 NQHKMCN
The long term trend has been UP since Feb 8th, 2017 at 1178.68
The intermediate term trend has been DOWN since Feb 4th, 2018 at 1752.04
The short term trend has been DOWN since Feb 19th, 2018 at 1685.13
Smart Scan Analysis for NQHKMCN
Based on a pre-defined weighted trend formula for chart analysis, NQHKMCN scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1856.84||52wk High Date||2018-01-23|
|52wk Low||1183.66||52wk Low Date||2017-02-21|