Index Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
NASDAQ Asia ex Japan Dividend Achievers HKD (NASDAQ:DAAXJPHKD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DAAXJPHKD
The long term trend has been UP since Nov 1st, 2019 at 1324.40
The intermediate term trend has been UP since Dec 11th, 2019 at 1342.52
The short term trend has been UP since Jan 9th, 2020 at 1394.63
Smart Scan Analysis for DAAXJPHKD
Based on a pre-defined weighted trend formula for chart analysis, DAAXJPHKD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).