Index Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
NASDAQ MALAYSIA OIL & GAS INDEX (NASDAQ:NQMY0001)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NQMY0001
The long term trend has been DOWN since Jul 2nd, 2018 at 708.57
The intermediate term trend has been DOWN since Oct 7th, 2018 at 705.49
The short term trend has been DOWN since Nov 19th, 2018 at 633.58
Smart Scan Analysis for NQMY0001
Based on a pre-defined weighted trend formula for chart analysis, NQMY0001 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||839.53||52wk High Date||2018-05-22|
|52wk Low||619.07||52wk Low Date||2018-11-14|