Index Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
NASDAQ MALAYSIA BASIC MATLS INDEX (NASDAQ:NQMY1000)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 NQMY1000
The long term trend has been UP since Jan 6th, 2017 at 1029.64
The intermediate term trend has been UP since Jul 27th, 2017 at 1178.36
The short term trend has been UP since Dec 14th, 2017 at 1569.62
Smart Scan Analysis for NQMY1000
Based on a pre-defined weighted trend formula for chart analysis, NQMY1000 scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1613.8||52wk High Date||2017-12-06|
|52wk Low||949.93||52wk Low Date||2016-12-19|