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MLabs, BTM Resources, RCE Cap, TechFast, Solution Group, Mclean, Global Oriental, Chin Hin, Minetech

TheEdge Fri, Nov 15, 2019 01:42pm - 9 months ago

KUALA LUMPUR (Nov 15): theedgemarkets.com highlighted nine stocks at Bursa Malaysia’s afternoon market close today. The list showed three stocks with positive momentum and six with negative momentum.

Stocks with positive momentum were:

MLabs Systems Bhd — up 2.5 sen at seven sen

BTM Resources Bhd — unchanged at 19.5 sen

RCE Capital Bhd — up three sen at RM1.76

Stocks with negative momentum were:

TechFast Holdings Bhd — up 2.5 sen at 47.5 sen

Solution Group Bhd — up 0.5 sen at 10.5 sen

MClean Technologies Bhd — up three sen at 21.5 sen

Global Oriental Bhd — up 0.5 sen at 21 sen

Chin Hin Group Bhd — up five sen at 90 sen

Minetech Resources Bhd — unchanged at nine 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.

Related Stocks

BTM 0.190
BURSA 9.450
GOB 0.235
MCLEAN 0.165
MLAB 0.055
RCECAP 1.910
SOLUTN 0.245


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