Aurelius, RGB, BSL, Panasonic, PLS Plantations, Resintech, Solarvest, Volcano

TheEdge Wed, Jan 18, 2023 02:04pm - 1 year View Original


KUALA LUMPUR (Jan 18): theedgemarkets.com highlighted two stocks with positive momentum and six stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday (Jan 18).

The stocks with positive momentum were:

  • Aurelius Technologies Bhd — up 19 sen at RM2.36
  • RGB International Bhd — up one sen at 24 sen

The stocks with negative momentum were:

  • BSL Corp Bhd — down 2.5 sen at 16 sen
  • Panasonic Manufacturing Malaysia Bhd - down 14 sen at RM23
  • PLS Plantations Bhd — up one sen at 98.5 sen
  • Resintech Bhd — up one sen at 55 sen
  • Solarvest Holdings Bhd — up 8.5 sen at RM1.05
  • Volcano Bhd — up 1.5 sen at 56.5 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.






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