+A -A
KUALA LUMPUR (July 14): At today’s Bursa Malaysia afternoon close, theedgemarkets.com highlighted six stocks with momentum. Positive momentum was seen in two stocks, while negative momentum was seen in four others.
Positively trending stocks included:
OCB Bhd — up 22 sen at RM1.08 Hock Seng Lee Bhd — up 8.5 sen at RM1.08
BP Plastics Holding Bhd — up one sen to RM1.83; BP Plastics Holding Bhd — up one sen to RM1.83; BP Plastics Holding Bhd — up one sen to RM1.83
MMS Ventures Bhd is now trading at 93.5 sen, up 3 sen.
Pelikan International Corp Bhd is trading at 46.5 sen, down 1.5 sen.
Tex Cycle Technology (M) Bhd is now trading at 50.5 sen, up 1 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./n
