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Thursday, July 05, 2012

Fimacor may do catch-up

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)

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