Index Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
NASDAQ MALAYSIA CONSUMER SERVICES NTR INDEX (NASDAQ:NQMY5000N)
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 NQMY5000N
The long term trend has been DOWN since Apr 2nd, 2018 at 820.56
The intermediate term trend has been DOWN since Aug 13th, 2018 at 789.05
The short term trend has been UP since Oct 16th, 2018 at 663.81
Smart Scan Analysis for NQMY5000N
Based on a pre-defined weighted trend formula for chart analysis, NQMY5000N scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||912.13||52wk High Date||2018-01-29|
|52wk Low||646.49||52wk Low Date||2018-10-15|