FIMACOR (3107) - Technical Analysis

Technical Analysis


- FIMACOR moves in a consolidation rectangular since 2012

- Don't have significant shares price changing despite uncertainty of economic growth.

- It is defensive stocks which are not suitable for aggressive investors because stock performance is definitely worse than FBMKLSE and low trading volume.

- If we are dividend investor, we need to strategy our entry points to avoid buy at high level.

- Resistance R1: RM2.048

- Support S1: RM1.775


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