Index Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
NASDAQ SOUTH AFRICA CONSUMER GOODS TRUST INDEX (NASDAQ:NQZA3000T)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NQZA3000T
The long term trend has been UP since Dec 14th, 2017 at 1536.49
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 1679.93
The short term trend has been DOWN since Apr 20th, 2018 at 1728.64
Smart Scan Analysis for NQZA3000T
Based on a pre-defined weighted trend formula for chart analysis, NQZA3000T scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1969.45||52wk High Date||2018-02-15|
|52wk Low||1322.56||52wk Low Date||2017-11-13|