Index Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
NASDAQ MALAYSIA INDUSTRIES INDEX (NASDAQ:NQMY2000)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Apr 4th, 2018 at 889.21
The intermediate term trend has been UP since Jul 15th, 2018 at 700.98
The short term trend has been UP since Jul 12th, 2018 at 686.81
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||664.13||52wk Low Date||2018-05-30|