Today, KFima had a big move to the upside. It gained 13 sen to close at RM2.01. Its subsidiary, Fimacor gained only 5 sen to RM6.15. We can see from the charts below that both stocks move pretty much in tandem. I think Fimacor will do catch-up with KFima, which seems to have commenced on its next upleg.
Based on this observation, Fimacor could be a good trading BUY (or even medium-term investment). For more on these stocks, see my previous posts (
here &
here).
Chart 1: KFima's daily chart as at July 5, 2012 (Source: Quickcharts)
Chart 2: Fimacor's daily chart as at July 5, 2012 (Source: Quickcharts)
No comments:
Post a Comment