Farlim Group (M) Bhd retraced from the recent peak of 80 sen level on May 22, the best level since October 2003, to the 100-day simple moving average (SMA) of 67 sen earlier this month on correction owing to an apparent profit-taking.
Thereafter, the stock turned sideways briefly on consolidation before bouncing off in the wake of renewed bargain-hunting interest, lifting prices to as high as 73.5 sen during intra-day session yesterday.
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