Kumpulan Fima Berhad (KFIMA) is an investment holding company. Through its subsidiaries, the company operates pineapple estate, processes & cans pineapple, and cultivates tropical fruits. It also has operations in cattle farming, provides transportation services, and trades securities & confidential documents.
KFIMA made a major daily Wave 2 low of RM1.55 on 18 October 2011, with oversold and bullish signals. Furthermore, the positive indicators of the CCI, DMI, MACD, Stochastic and Oscillator indicators are supportive of further upside. We feel that KFIMA will trend higher in the period mentioned above.
SHORT-TERM BUY (TECHNICAL) on dips for KFIMA with its firm support areas of RM1.63 and RM1.81. The potential Wave 3 & 5 upside target areas is located at RM1.98, RM2.05 and RM2.07. Stop-loss is at RM1.61.
FBM KLCI: Key Points
- KFIMA – Low PE & on a strong surge
- FBMKLCI – Still beware of that “gap-up”
- Obvious supports of 1,460 & 1,487
- 1,489 & 1,511 will cap the rebounds
Some trading stocks that we like are: AEONCR, ARMADA,
CBIP, CEPAT, DRBHCOM, GENP, GENTING, GLOMAC,
KFIMA, MALTON, MBFHLDG, PROTON, TM and
TWSPLNT.
(Information from MBB)
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