It is a fundamentally poor stock, as it fails most of the fundamental tests. Normally, we will not pick stocks with fundamental rating which is less than 2.5 for long term investment.
There is a sharp increase in share price on 12 Sep 2018 due to:
The sell momentum is arising at the moment since 1 Oct 2018, it might be due to its poor financial result contributed by low revenue generated by E&C.
EMA 5 Crossover Hourly Chart
ADX Crossover Hourly Chart
According to OBV and ADX indicators, the sell momentum is greater than buy momentum. Besides, there are sell signals detected by EMA 5 Crossover and ADX Crossover in hourly technical chart confirming the higher strength of sell momentum.
In our opinion, we will utilize “fast in fast out” strategy by monitoring closely on the technical analysis to seize the opportunities for our investment in short term. In the meantime, we will also pay attention to news or financial reports until there is any positive catalyst available to boost the share price.
To view SAPNRG’s technical analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/stkta/5218
To view SAPNRG’s fundamental analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/fa/5218
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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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Created by MQTrader Jesse | May 20, 2021
Created by MQTrader Jesse | Jul 05, 2019
Created by MQTrader Jesse | Jun 03, 2019