Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
NASDAQ JAPAN BANKS INDEX (NASDAQ:NQJP8300)
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 NQJP8300
The long term trend has been DOWN since Mar 23rd, 2018 at 1265.01
The intermediate term trend has been DOWN since Aug 12th, 2018 at 1179.56
The short term trend has been UP since Aug 16th, 2018 at 1165.20
Smart Scan Analysis for NQJP8300
Based on a pre-defined weighted trend formula for chart analysis, NQJP8300 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1461.63||52wk High Date||2018-01-15|
|52wk Low||1117.81||52wk Low Date||2018-07-05|