MQTrader Stock Discussion
MQ Trader Share Discussion - SAPNRG (5218) - 5 Oct 2018
MQTrader Jesse
Publish date: Fri, 05 Oct 2018, 05:39 PM
SAPNRG (5218)
MQ Fundamental Rating
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.
MQ Technical Rating
There is a sharp increase in share price on 12 Sep 2018 due to:
- The recovery of share price after PNG has subscribed to its full entitlement right shares with warrant.
- The higher Brent crude oil price
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.
MQ Trading Strategy
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.
Conclusion
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.
MQ Trader Analysis Tool
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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For those who are interested to know more about MQ Trader Stock Analysis System, you can visit MQ Trader Workshop - Trade Signal Analysis & Backtesting With MQ Trader [Free Registration!] to get more information about our coming workshop on 6 October 2018.
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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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