Index Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
NASDAQ Asia ex Japan Dividend Achievers HKD TR (NASDAQ:DAAXJPHKDT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 DAAXJPHKDT
The long term trend has been UP since Oct 30th, 2019 at 1615.52
The intermediate term trend has been DOWN since Nov 12th, 2019 at 1577.73
The short term trend has been UP since Nov 17th, 2019 at 1623.00
Smart Scan Analysis for DAAXJPHKDT
Based on a pre-defined weighted trend formula for chart analysis, DAAXJPHKDT scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).