KUALA LUMPUR (April 13): moneyliferesearch.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close today. One stock displayed positive momentum, while six showed negative momentum.
The stock with positive momentum was :
Advancecon Holdings Bhd — up three sen at 43 sen
The stocks with negative momentum were:
CNI Holdings Bhd — up 1.5 sen at 21 sen
Jaycorp Bhd — up one sen at RM1.87
Kumpulan Jetson Bhd — up one sen at 27 sen
Kim Hin Joo (Malaysia) Bhd — up 1.5 sen at 27.5 sen
Redtone Digital Bhd — up one sen at 44.5 sen
Reservoir Link Energy Bhd — up three sen at 82 sen
The list of stocks with momentum is generated employing 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 isn't a buy or sell recommendation. It merely tells you which of them stocks are seeing higher-than-normal volume and price movements.
The share price may move up or down from now . But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a far better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a brief period of your time .
However, each stock has an accompanying fundamental score and valuation score to assist readers evaluate the attractiveness of the stocks if they need to ride the momentum.
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