KUALA LUMPUR (Jan 21): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Jan 21).
Two stocks indicated positive momentum while the other two indicated negative momentum.
The stocks with positive momentum were:
Pantech Group Holdings Bhd — up 3.5 sen at 63 sen
Jade Marvel Group Bhd — up two sen at 71.5 sen
Meanwhile, the stocks with negative momentum were:
Woodlandor Holdings Bhd — up 21 sen at RM1.39
Bonia Corp Bhd — up 20 sen at RM1.42
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.
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.
For more detailed financial information and reports on the above-mentioned stocks, please subscribe to AbsolutelyStocks at www.absolutelystocks.com