Index Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
NASDAQ MALAYSIA BASIC MATLS INDEX (NASDAQ:NQMY1000)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 NQMY1000
The long term trend has been UP since Aug 9th, 2018 at 1737.61
The intermediate term trend has been DOWN since Sep 12th, 2018 at 1680.73
The short term trend has been UP since Oct 16th, 2018 at 1677.81
Smart Scan Analysis for NQMY1000
Based on a pre-defined weighted trend formula for chart analysis, NQMY1000 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1792.96||52wk High Date||2018-01-30|
|52wk Low||1395.51||52wk Low Date||2017-10-19|