Index Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
NASDAQ MALAYSIA FINANCIALS INDEX (NASDAQ:NQMY8000)
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 NQMY8000
The long term trend has been DOWN since May 9th, 2018 at 860.29
The intermediate term trend has been DOWN since Sep 11th, 2018 at 837.18
The short term trend has been UP since Nov 15th, 2018 at 801.23
Smart Scan Analysis for NQMY8000
Based on a pre-defined weighted trend formula for chart analysis, NQMY8000 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||932.06||52wk High Date||2018-04-19|
|52wk Low||767.2||52wk Low Date||2017-11-20|