Index Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
NASDAQ ITALY CONSUMER GOODS TRUST INDEX (NASDAQ:NQIT3000T)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NQIT3000T
The long term trend has been UP since Dec 8th, 2016 at 1554.39
The intermediate term trend has been UP since Oct 12th, 2017 at 2183.37
The short term trend has been DOWN since Oct 19th, 2017 at 2163.41
Smart Scan Analysis for NQIT3000T
Based on a pre-defined weighted trend formula for chart analysis, NQIT3000T scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2193.09||52wk High Date||2017-10-19|
|52wk Low||1439.64||52wk Low Date||2016-11-16|