Index Trend Analysis Report
Prepared for you on Sunday, February 25, 2018.
NASDAQ PHILIPPINES BASIC MATLS TRUST INDEX (NASDAQ:NQPH1000T)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NQPH1000T
The long term trend has been DOWN since Oct 20th, 2017 at 869.98
The intermediate term trend has been DOWN since Jan 30th, 2018 at 838.83
The short term trend has been DOWN since Feb 22nd, 2018 at 790.02
Smart Scan Analysis for NQPH1000T
Based on a pre-defined weighted trend formula for chart analysis, NQPH1000T scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||979.63||52wk High Date||2017-09-13|
|52wk Low||784.49||52wk Low Date||2018-02-12|