Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
NASDAQ LAT AMERICA RETAIL INDEX (NASDAQ:NQLA5300)
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 NQLA5300
The long term trend has been UP since Mar 24th, 2017 at 1005.48
The intermediate term trend has been DOWN since Feb 6th, 2018 at 1263.49
The short term trend has been DOWN since Mar 23rd, 2018 at 1226.23
Smart Scan Analysis for NQLA5300
Based on a pre-defined weighted trend formula for chart analysis, NQLA5300 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1351.43||52wk High Date||2017-10-05|
|52wk Low||980||52wk Low Date||2017-05-18|