KUALA LUMPUR (Nov 19): theedgemarkets.com has highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close today. Two stocks displayed positive momentum while six displayed negative momentum.
The stocks with positive momentum were:
Oceancash Pacific Bhd – up 4.5 sen to 51.5 sen
Tiger Synergy Bhd – up 2 sen to 8 sen
The stocks with negative momentum were:
AT Systemization Bhd – up 1.5 sen to 9 sen
Fintec Global Bhd – up 1 sen to 8 sen
Global Oriental Bhd – up 3.5 sen to 28 sen
Guan Chong Bhd – down 2 sen to RM2.49
MClean Technologies Bhd – up 2 sen to 22.5 sen
Euro Holdings Bhd – up half sen to 13 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 recommendations. 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 persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.