KUALA LUMPUR (Oct 23): theedgemarkets.com highlighted three stocks with negative momentum at Bursa Malaysia's noon market close today.
The stocks were:
K-One Technology Bhd – up 1 sen to 29 sen
Merge Energy Bhd – down 2.5 sen at 79.5 sen
Nextgreen Global Bhd – down 2 sen at 47.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements.
The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.