Index Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
NASDAQ HONG KONG SM-CAP INDEX (NASDAQ:NQHKSC)
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 NQHKSC
The long term trend has been DOWN since Feb 8th, 2018 at 888.10
The intermediate term trend has been UP since Nov 7th, 2018 at 755.43
The short term trend has been UP since Dec 4th, 2018 at 747.09
Smart Scan Analysis for NQHKSC
Based on a pre-defined weighted trend formula for chart analysis, NQHKSC scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||975.14||52wk High Date||2018-01-29|
|52wk Low||710.74||52wk Low Date||2018-10-30|