KUALA LUMPUR (Jan 14): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Friday (Jan 14). One stock showed positive momentum while three stocks indicated negative momentum.
The stock with positive momentum was:
Taliworks Corp Bhd — up two sen at 91 sen
The stocks with negative momentum were:
Alliance Bank Malaysia Bhd — up six sen at RM3.39
Affin Bank Bhd — up three sen at RM1.96
EcoFirst Consolidated Bhd — down one sen at 51 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.