Index Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
NASDAQ Asia ex Japan Dividend Achievers HKD TR (NASDAQ:DAAXJPHKDT)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DAAXJPHKDT
The long term trend has been DOWN since May 17th, 2019 at 1510.07
The intermediate term trend has been UP since Jun 9th, 2019 at 1518.10
The short term trend has been UP since May 27th, 2019 at 1499.18
Smart Scan Analysis for DAAXJPHKDT
Based on a pre-defined weighted trend formula for chart analysis, DAAXJPHKDT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).