KUALA LUMPUR (Dec 15): theedgemalaysia.com highlighted one stock with positive momentum and seven stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.
The stock with positive momentum was:
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TFP Solutions Bhd — up half a sen or 9.09% to six sen
The stocks with negative momentum were:
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Country View Bhd — up five sen or 4.76% to RM 1.10
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Duopharma Biotech Bhd — up two sen or 1.61% to RM1.26
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Efficient E-Solutions Bhd — up one sen or 4.55% to 23 sen
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Minetech Resources Bhd — up 1.5 sen or 15.79% to 11 sen
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Reneuco Bhd — up 2.5 sen or 11.63% to 24 sen
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Superlon Holdings Bhd — up four sen or 5.33% to 79 sen
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TAS Offshore Bhd — unchanged at 38 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