GHL Systems, Opstar, Bursa Malaysia, Country View, Fiamma, Marco, Tambun Indah

KUALA LUMPUR (May 2): theedgemalaysia.com highlights seven stocks with momentum in afternoon trade on Bursa Malaysia on Thursday. Two stocks showed positive momentum and five stocks showed negative momentum.

The list of stocks with momentum is generated using a proprietary mathematical algorithm that highlights stocks that are increasing in trading volume and price. The algorithm distinguishes between stocks that exhibit positive (+ve) momentum and those that exhibit negative (-ve) momentum.

This list is not a recommendation to buy or sell. This simply shows which stocks have higher than normal volume and price movement.

From this point on, the stock price can go up or down. However, the “+ve” (volume suggests an upward trend in price) and “-ve” (volume suggests a downward trend in price) indicators give readers a better understanding of what the market is buying and when to sell. It should. Also note that momentum generally only lasts for a short period of time.

However, each stock comes with a fundamental score and a valuation score to help readers assess the attractiveness of a stock if they want to ride the momentum.

For more financial information and reports on the stocks listed above, subscribe to AbsolutelyStocks.

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