Index Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
NASDAQ MALAYSIA INDUSTRIES INDEX (NASDAQ:NQMY2000)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Nov 29th, 2017 at 831.04
The intermediate term trend has been DOWN since Nov 29th, 2017 at 850.09
The short term trend has been UP since Dec 17th, 2017 at 862.05
Smart Scan Analysis for NQMY2000
Based on a pre-defined weighted trend formula for chart analysis, NQMY2000 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||878.77||52wk High Date||2017-09-18|
|52wk Low||700.86||52wk Low Date||2016-12-26|