January 19, 2023 14:00 pm +08 Arreit, Pelikan, XL, Ewein, Apollo, Resintc -A+A KUALA LUMPUR (Jan 19): theedgemarkets.com highlighted four stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Jan 19).
The stocks with positive momentum were: Amanahraya REIT - up one sen at 62 sen Ewein Bhd - unchanged at 54.5 sen Pelikan International Corp Bhd - up 1.5 sen at 45.5 sen XL Holdings Bhd - up half a sen at 80 sen The stocks with negative momentum were: Apollo Food Holdings Bhd - up eight sen at RM4.16 Resintech Bhd - up 1.5 sen at 56 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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....