Index Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
NASDAQ TAIWAN OIL & GAS INDEX (NASDAQ:NQTW0001)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NQTW0001
The long term trend has been UP since Sep 5th, 2017 at 802.35
The intermediate term trend has been UP since Sep 4th, 2017 at 767.56
The short term trend has been DOWN since Oct 20th, 2017 at 919.66
Smart Scan Analysis for NQTW0001
Based on a pre-defined weighted trend formula for chart analysis, NQTW0001 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||964.13||52wk High Date||2017-10-18|
|52wk Low||685.32||52wk Low Date||2017-08-14|