KUALA LUMPUR (July 6): At today’s Bursa Malaysia afternoon close, theedgemarkets.com highlighted five stocks with momentum. Positive momentum was seen in one stock, while negative momentum was seen in four others.
Edaran Bhd – up six sen at RM1.05 – was a stock with favorable momentum.
Enra Group Bhd – up 2.5 sen at 86 sen; Enra Group Bhd – up 2.5 sen at 86 sen; Enra Group Bhd – up 2.5 sen at 86 sen
FSBM Holdings Bhd is now trading at 23.5 sen, up three sen.
At 94.5 sen, Hong Seng Consolidated Bhd is up 3.5 sen.
Pineapple Resources Bhd is currently trading at RM1.12, down 16 sen.
A sophisticated mathematical technique is used to construct the list of stocks with momentum, which highlights equities with increased trading volume and price. The algorithm can tell the difference between equities with positive (+ve) and negative (-ve) momentum.
This is not a suggestion to purchase or sell any of the stocks on this list. It simply informs you of which stocks are experiencing higher-than-normal volume and price fluctuations.
From here, the stock price could go up or down. The “+ve” (indicating a rising price trend on volume) and “-ve” (indicating a falling price trend on volume) indications, on the other hand, should help readers understand what the market is purchasing and when to sell. It’s also worth noting that momentum usually only lasts a short time.
However, each stock has a fundamental score and a value score to help readers assess the stock’s appeal if they want to ride the wave.
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