Index Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
NASDAQ Asia ex Japan Dividend Achievers TR (NASDAQ:DAAXJPT)
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 DAAXJPT
The long term trend has been DOWN since May 17th, 2019 at 1492.00
The intermediate term trend has been UP since Sep 4th, 2019 at 1493.22
The short term trend has been UP since Oct 10th, 2019 at 1540.37
Smart Scan Analysis for DAAXJPT
Based on a pre-defined weighted trend formula for chart analysis, DAAXJPT scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).