KUALA LUMPUR (Dec 5): theedgemarkets.com highlighted 12 stocks with negative momentum at Bursa Malaysia’s afternoon close today.
The stocks with negative momentum were:
Parlo Bhd - up two sen at 13.5 sen
Sanichi Technology Bhd - unchanged at six sen
Pinehill Pacific Bhd - up three sen at 47.5 sen
TDM Bhd - up one sen at 23.5 sen
Rimbunan Sawit Bhd - up 2.5 sen at 26 sen
Sarawak Cable Bhd - up 4.5 sen at 39 sen
MCT Bhd - up 2.5 sen at 40.5 sen
Mi Technovation Bhd - up three sen at RM1.73
YLI Holdings Bhd - up 2.5 sen at 26 sen
Acme Holdings Bhd - up two sen at 33 sen
Scanwolf Corp Bhd - up two sen at 29 sen
Emico Holdings Bhd - up four sen at 22.5 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 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.