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Index Trend Analysis Report

Prepared for you on Wednesday, August 21, 2019.

NASDAQ BIOTECH INDEX (NASDAQ:NBI)

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.

NASDAQ_NBI
Open High Low NBI Price Change
3326.55 3337.14 3293.44 3296.55 -40.62
Entry Signal

MarketClub’s Trade Triangles for NBI

long term down The long term trend has been DOWN since May 13th, 2019 at 3234.28

intermediate term down The intermediate term trend has been DOWN since Jul 19th, 2019 at 3301.65

short term up The short term trend has been UP since Aug 19th, 2019 at 3301.99

Smart Scan Analysis for NBI

Based on a pre-defined weighted trend formula for chart analysis, NBI scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for NBI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3326.55 3337.14 3293.44 3296.55 -40.62
Prev. Close Volume Bid Ask Time
3274.81 0 2019-08-20 17:15:34
52wk High3865.8852wk High Date2018-10-01
52wk Low3152.6852wk Low Date2018-04-06
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