Index Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
NASDAQ OMX CHINA TECHNOLOGY INDEX (NASDAQ:CHXN9000)
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 CHXN9000
The long term trend has been DOWN since Nov 18th, 2019 at 1583.1800
The intermediate term trend has been DOWN since Nov 18th, 2019 at 1710.1900
The short term trend has been UP since Dec 5th, 2019 at 1741.4743
Smart Scan Analysis for CHXN9000
Based on a pre-defined weighted trend formula for chart analysis, CHXN9000 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2515.61||52wk High Date||2018-01-26|
|52wk Low||1556.01||52wk Low Date||2018-10-30|