Index Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
NASDAQ TAIWAN OIL & GAS NTR INDEX (NASDAQ:NQTW0001N)
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 NQTW0001N
The long term trend has been DOWN since Feb 5th, 2018 at 827.71
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 803.11
The short term trend has been DOWN since May 23rd, 2018 at 738.65
Smart Scan Analysis for NQTW0001N
Based on a pre-defined weighted trend formula for chart analysis, NQTW0001N scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1024.08||52wk High Date||2017-10-18|
|52wk Low||727.47||52wk Low Date||2018-02-09|