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Kumpulan Fima likely to pause for brief consolidation
by hlk Tue 05 Jul 2011, 08:21
THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) re-wrote its all-time historical high of 1,582.94 last Friday when it hit its intra-week high of 1,589.93 yesterday. Declining counters outpaced advancing counters by 453 to 333.
The FBM KLCI fell from its intra-day high of 1,589.93 to its intra-day low of 1,577.81 yesterday. It closed at 1,582.35 points, giving a day-on-day loss of 0.59 point, or 0.04 per cent.
Kumpulan Fima Bhd’s price trend moved higher to close at RM1.74, giving a day-on-day gain of 9 sen, or 5.45 per cent.
Chartwise, Kumpulan Fima’s daily price trend fell from its recent high of RM1.75 on May 26 to its intra-day low of RM1.62 on June 24, recording a total loss of 13 sen, or 7.43 per cent.
Its 60-minute price trend staged an overhead breakout of its intermediate-term downtrend (B1:B2) yesterday and continued to stay above it.
Its 60-minute fast MACD (moving average convergence divergence) continued to stay above its daily slow MACD. Both its daily fast and slow MACDs continued to stay above their respective neutral reference lines.
Kumpulan Fima’s 60-minute price trend is likely to pause for a short and brief consolidation.
The FBM KLCI fell from its intra-day high of 1,589.93 to its intra-day low of 1,577.81 yesterday. It closed at 1,582.35 points, giving a day-on-day loss of 0.59 point, or 0.04 per cent.
Kumpulan Fima Bhd’s price trend moved higher to close at RM1.74, giving a day-on-day gain of 9 sen, or 5.45 per cent.
Chartwise, Kumpulan Fima’s daily price trend fell from its recent high of RM1.75 on May 26 to its intra-day low of RM1.62 on June 24, recording a total loss of 13 sen, or 7.43 per cent.
Its 60-minute price trend staged an overhead breakout of its intermediate-term downtrend (B1:B2) yesterday and continued to stay above it.
Its 60-minute fast MACD (moving average convergence divergence) continued to stay above its daily slow MACD. Both its daily fast and slow MACDs continued to stay above their respective neutral reference lines.
Kumpulan Fima’s 60-minute price trend is likely to pause for a short and brief consolidation.
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