Index Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
NASDAQ MALAYSIA INDUSTRIES INDEX (NASDAQ:NQMY2000)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 NQMY2000
The long term trend has been UP since Dec 26th, 2017 at 878.70
The intermediate term trend has been DOWN since Feb 5th, 2018 at 936.44
The short term trend has been DOWN since Mar 22nd, 2018 at 910.70
Smart Scan Analysis for NQMY2000
Based on a pre-defined weighted trend formula for chart analysis, NQMY2000 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||993.82||52wk High Date||2018-02-02|
|52wk Low||709.14||52wk Low Date||2017-11-30|