KUALA LUMPUR (Jan 4): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Jan 4). Two displayed negative momentum, while two indicated positive momentum.
The stocks with negative momentum were:
Radiant Globaltech Bhd — up two and a half sen at 48.5 sen
SMTrack Bhd — up two sen at 25.5 sen
The stocks with positive momentum were:
Spring Art Holdings Bhd — up two sen at 31.5 sen
Tex Cycle Technology (M) Bhd — up two and a half sen at 58.5 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.
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