Mikromb, Marco, Thriven, PGlobe, ELKDesa, CYL

TheEdge Thu, Nov 17, 2022 01:43pm - 1 year View Original

KUALA LUMPUR (Nov 17): theedgemarkets.com highlighted three stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday (Nov 17).

The stocks with positive momentum were:

  • Marco Holdings Bhd – up two sen or 12.50% at 18 sen
  • Mikro MSC Bhd – up one sen or 9.09% at 18 sen
  • Thriven Global Bhd – up 0.5 sen or 3.45% at 15 sen

The stocks with negative momentum were:

  • CYL Corp Bhd – up four sen or 4.73% at 88 sen
  • Elk-Desa Resources Bhd – up four sen or 2.70% at RM1.52
  • Paragon Globe Bhd – unchanged at 19 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.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

BURSA 8.260
CYL 0.630
MARCO 0.190


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