Technical Analysis
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- 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