Index Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
NASDAQ LAT AMERICA MID-CAP INDEX (NASDAQ:NQLAMC)
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 NQLAMC
The long term trend has been DOWN since May 3rd, 2018 at 1062.53
The intermediate term trend has been DOWN since Oct 29th, 2018 at 951.61
The short term trend has been UP since Nov 28th, 2018 at 943.22
Smart Scan Analysis for NQLAMC
Based on a pre-defined weighted trend formula for chart analysis, NQLAMC scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1169.86||52wk High Date||2018-01-26|
|52wk Low||879.63||52wk Low Date||2018-09-11|