Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
NASDAQ MALAYSIA FINANCIALS TRUST INDEX (NASDAQ:NQMY8000T)
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 NQMY8000T
The long term trend has been DOWN since May 30th, 2018 at 1043.81
The intermediate term trend has been DOWN since Sep 12th, 2018 at 1037.51
The short term trend has been DOWN since Sep 24th, 2018 at 1051.95
Smart Scan Analysis for NQMY8000T
Based on a pre-defined weighted trend formula for chart analysis, NQMY8000T scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1141.4||52wk High Date||2018-04-19|
|52wk Low||920.96||52wk Low Date||2017-10-25|