The most important festival among the Chinese society worldwide, Chinese New Year has come to the end a few days ago. Some counters’ share price is observed to rise exponentially due to significant increase in their sales which is boosted by the celebration of Chinese New Year. CARLSBG is a good example that portrays good market sentiment during this period.  

Since the release of MQ Trader Analysis – CARLSBG (2836) – Riding The CNY Wave Higher? [24 Jan 2019] that we carried out before Chinese New Year, we detected that there is a remarkable gain in share price of CARLSBG.

CARLSBG’s Daily Chart

Source: MQ Trader system

Based on the chart above, 22.33% of return can be earned within a month if we enter the position on 24 Jan 2019 and exit our position on 22 Feb 2019.

MQ Trader Analysis Tool

To view CARLSBG’s fundamental analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/fa/2836

To view CARLSBG’s technical analysis on MQ Trader: https://klse.i3investor.com/mqtrader/sf/analysis/stkta/2836

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

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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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