Index Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
NASDAQ SOUTH AFRICA FINANCIALS TRUST INDEX (NASDAQ:NQZA8000T)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NQZA8000T
The long term trend has been UP since Aug 8th, 2017 at 1283.49
The intermediate term trend has been DOWN since Mar 16th, 2018 at 1660.19
The short term trend has been UP since Apr 11th, 2018 at 1608.51
Smart Scan Analysis for NQZA8000T
Based on a pre-defined weighted trend formula for chart analysis, NQZA8000T scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1775.28||52wk High Date||2018-02-26|
|52wk Low||1137.91||52wk Low Date||2017-07-11|