Index Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
NASDAQ MEXICO CONSUMER GOODS NTR INDEX (NASDAQ:NQMX3000N)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NQMX3000N
The long term trend has been UP since Mar 1st, 2017 at 819.64
The intermediate term trend has been UP since May 16th, 2017 at 934.60
The short term trend has been DOWN since May 18th, 2017 at 918.38
Smart Scan Analysis for NQMX3000N
Based on a pre-defined weighted trend formula for chart analysis, NQMX3000N scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1013.78||52wk High Date||2016-08-18|
|52wk Low||709.41||52wk Low Date||2017-01-11|