Index Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
NASDAQ MALAYSIA BASIC MATLS INDEX (NASDAQ:NQMY1000)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 NQMY1000
The long term trend has been UP since Jan 6th, 2017 at 1029.64
The intermediate term trend has been DOWN since Mar 4th, 2018 at 1699.01
The short term trend has been UP since Mar 19th, 2018 at 1694.98
Smart Scan Analysis for NQMY1000
Based on a pre-defined weighted trend formula for chart analysis, NQMY1000 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1792.96||52wk High Date||2018-01-30|
|52wk Low||1084.32||52wk Low Date||2017-03-22|