MQ Fundamental rating: 1.8/5.0

 

It is a fundamentally poor currently, as it fails most of the fundamental tests due to its poor performance in the last quarter. According to its historical financial results, its financial result in Q2 tends to be the lowest as compared to other quarters for the past 3 years.

MQ Technical rating: 1.7/5.0

 

It has been experiencing long term up-trending price movement before a sharp drop occurred lately on 3 September 2018. According to EMA 5 Crossover daily and hourly charts, there were sell signals appearing on 9 Aug 2018 and 29 Aug 2018 respectively before the occurrence of the serious drop of share price. At the moment, there is no sign of bullish trend, as ADX crossover is still showing higher selling momentum, as –DI is above +DI.

 

 

 

 

In our opinion, we will monitor for the financial result of the next quarter to decide whether this counter is suitable for long term investment. For short term wise, we will monitor closely on the trading signals of MQ trading strategy until there is any buy signal appearing.

 

To view SUPERMAX’s technical analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/stkta/7106

To view SUPERMAX’s fundamental analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/fa/7106

To know more about MQ Trader system, please visit MQ Trader Education Series

 

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Disclaimer

This article does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties in the Internet. We may or may not hold position in the stock covered, or initiate new position in the stock within the next 7 days.

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