Index Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
NASDAQ MEXICO SM-CAP TRUST INDEX (NASDAQ:NQMXSCT)
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 NQMXSCT
The long term trend has been DOWN since Oct 30th, 2018 at 747.16
The intermediate term trend has been DOWN since Oct 10th, 2018 at 849.97
The short term trend has been UP since Nov 28th, 2018 at 727.66
Smart Scan Analysis for NQMXSCT
Based on a pre-defined weighted trend formula for chart analysis, NQMXSCT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||900.24||52wk High Date||2018-10-01|
|52wk Low||691.94||52wk Low Date||2018-11-26|