Index Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
NASDAQ TAIWAN MID-CAP TRUST INDEX (NASDAQ:NQTWMCT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 NQTWMCT
The long term trend has been DOWN since Jul 5th, 2018 at 1357.85
The intermediate term trend has been DOWN since Sep 9th, 2018 at 1388.51
The short term trend has been UP since Sep 13th, 2018 at 1383.32
Smart Scan Analysis for NQTWMCT
Based on a pre-defined weighted trend formula for chart analysis, NQTWMCT scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1514.37||52wk High Date||2018-06-07|
|52wk Low||1246.27||52wk Low Date||2017-09-29|