Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
NASDAQ THAILAND INDEX (NASDAQ:NQTH)
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 NQTH
The long term trend has been DOWN since May 8th, 2018 at 1206.16
The intermediate term trend has been DOWN since Mar 30th, 2018 at 1234.17
The short term trend has been UP since May 21st, 2018 at 1185.71
Smart Scan Analysis for NQTH
Based on a pre-defined weighted trend formula for chart analysis, NQTH scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1290.56||52wk High Date||2018-02-27|
|52wk Low||1002.2||52wk Low Date||2017-05-22|