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Stock With Momentum Sona Petroleum

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Stock With Momentum Sona Petroleum

Post by Cals Mon 15 Feb 2016, 19:55

Stock With Momentum

[size=28]Sona Petroleum

By Tan Siew Mung / theedgemarkets.com | February 15, 2016 : 1:11 PM MYT

KUALA LUMPUR (Feb 15): theedgemarkets.com highlighted one stock with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stock with positive momentum.

Sona Petroleum Bhd – up 1 sen at 46 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.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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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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