Index Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
NASDAQ MOROCCO INDEX (NASDAQ:NQMA)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NQMA
The long term trend has been DOWN since May 2nd, 2018 at 1131.66
The intermediate term trend has been UP since Nov 12th, 2018 at 935.41
The short term trend has been DOWN since Nov 30th, 2018 at 950.73
Smart Scan Analysis for NQMA
Based on a pre-defined weighted trend formula for chart analysis, NQMA scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1233.4||52wk High Date||2018-02-02|
|52wk Low||902.52||52wk Low Date||2018-11-01|