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Stocks With Momentum Econpile, Southern Steel, MKH, Kanger, Ann Joo

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Stocks With Momentum Econpile, Southern Steel, MKH, Kanger, Ann Joo

Post by Cals Tue 12 Apr 2016, 01:30

Stocks With Momentum

[size=28]Econpile, Southern Steel, MKH, Kanger, Ann Joo

By Tan Siew Mung / theedgemarkets.com | April 11, 2016 : 1:09 PM MYT

KUALA LUMPUR (April 11): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed three stocks with positive momentum and two with negative momentum.

The stocks with positive momentum are:

Econpile Holdings Bhd – unchanged at RM1.32.

Souther Steel Bhd – up 5 sen at RM1.05.

MKH Bhd – up 4 sen at RM2.73.

The stock with negative momentum are:

Kanger International Bhd – up 0.5 sen at 22.5 sen

Ann Joo Resources Bhd – up 6 sen at RM1.08

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.
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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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