Index Trend Analysis Report
Prepared for you on Sunday, July 22, 2018.
NASDAQ MALAYSIA CONSUMER GOODS TRUST INDEX (NASDAQ:NQMY3000T)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NQMY3000T
The long term trend has been UP since May 15th, 2018 at 911.02
The intermediate term trend has been DOWN since Jun 21st, 2018 at 879.95
The short term trend has been DOWN since Jul 17th, 2018 at 871.00
Smart Scan Analysis for NQMY3000T
Based on a pre-defined weighted trend formula for chart analysis, NQMY3000T scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||918.45||52wk High Date||2018-05-22|
|52wk Low||773.32||52wk Low Date||2017-08-11|