Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
NASDAQ KOREA LG-CAP NTR INDEX (NASDAQ:NQKRLCN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 NQKRLCN
The long term trend has been DOWN since Jun 15th, 2018 at 1473.73
The intermediate term trend has been DOWN since Oct 4th, 2018 at 1332.24
The short term trend has been UP since Nov 15th, 2018 at 1252.22
Smart Scan Analysis for NQKRLCN
Based on a pre-defined weighted trend formula for chart analysis, NQKRLCN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1617.05||52wk High Date||2018-01-31|
|52wk Low||1189.7||52wk Low Date||2018-10-26|