Wednesday 25 July 2012

Daily Trading Stocks: Kumpulan Fima Bhd

KFima  may  scale  higher  if  it  can  trade  above  last  week’s  intraday high  today.  A  position  can  be  initiated  above  RM2.40  with  a  close below yesterday’s low of RM2.20 as a  stop-loss.  The  price  target  is RM2.70,  provided  that  the  psychological  RM2.50  is  violated.  The upward  bias  is  nullified  should  the  stop-loss  be  triggered  and  a correction will likely follow. Supports are at RM2.10 and RM2.05.


Source: OSK

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