Index Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
NASDAQ TURKEY SM-CAP NTR INDEX (NASDAQ:NQTRSCN)
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 NQTRSCN
The long term trend has been DOWN since Oct 9th, 2017 at 626.14
The intermediate term trend has been DOWN since Jul 12th, 2018 at 384.52
The short term trend has been UP since Jul 17th, 2018 at 408.23
Smart Scan Analysis for NQTRSCN
Based on a pre-defined weighted trend formula for chart analysis, NQTRSCN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||759.21||52wk High Date||2017-09-11|
|52wk Low||377.86||52wk Low Date||2018-07-12|