Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
NASDAQ INDONESIA MID-CAP INDEX (NASDAQ:NQIDMC)
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 NQIDMC
The long term trend has been DOWN since Apr 24th, 2018 at 621.59
The intermediate term trend has been DOWN since Aug 14th, 2018 at 538.22
The short term trend has been UP since Oct 16th, 2018 at 522.40
Smart Scan Analysis for NQIDMC
Based on a pre-defined weighted trend formula for chart analysis, NQIDMC scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||737.57||52wk High Date||2018-01-29|
|52wk Low||505.35||52wk Low Date||2018-10-15|