Index Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
NASDAQ JAPAN BASIC RESOURCES TRUST INDEX (NASDAQ:NQJP1700T)
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 NQJP1700T
The long term trend has been UP since Jul 2nd, 2017 at 1287.63
The intermediate term trend has been DOWN since Nov 14th, 2017 at 1419.65
The short term trend has been DOWN since Nov 9th, 2017 at 1470.74
Smart Scan Analysis for NQJP1700T
Based on a pre-defined weighted trend formula for chart analysis, NQJP1700T scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1512.67||52wk High Date||2017-11-09|
|52wk Low||1153.66||52wk Low Date||2017-01-03|