Index Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
NASDAQ SOUTH AFRICA BASIC MATLS TRUST INDEX (NASDAQ:NQZA1000T)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 NQZA1000T
The long term trend has been DOWN since Nov 14th, 2018 at 462.79
The intermediate term trend has been DOWN since Oct 8th, 2018 at 493.89
The short term trend has been UP since Nov 16th, 2018 at 483.49
Smart Scan Analysis for NQZA1000T
Based on a pre-defined weighted trend formula for chart analysis, NQZA1000T scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||586.38||52wk High Date||2018-01-25|
|52wk Low||443.1||52wk Low Date||2018-06-15|