KUALA LUMPUR (Jan 4): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday (Jan 4). Two showed negative momentum, while two showed positive momentum.
Stocks with negative momentum were:
Radiant Globaltech Bhd – up two and a half sen to 48.5 sen
SMTrack Bhd – up to two sen to 25.5 sen
The stocks with positive momentum were:
Spring Art Holdings Bhd – up two sen to 31.5 sen
Tex Cycle Technology (M) Bhd – up to two and a half sen to 58.5 sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with accumulation of trading volume and price. The algorithm distinguishes between stocks that exhibit positive dynamics (+ ve) and negative dynamics (-ve).
This list is not a recommendation to buy or sell. It just tells you which stocks are experiencing higher than normal volume and price movements.
The stock price may go up or down from this point. But the indicators “+ ve” (suggesting an upward trend in price over volume) and “-ve” (suggesting a downward trend in price over volume) should give readers a better idea of what the market is doing. to buy and when to sell. Also note that momentum usually only persists for a short period of time.
However, with each action comes a fundamental score and a review score to help readers gauge the attractiveness of the actions if they want to take advantage of the momentum.