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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 17 Sep 2021, 10:52 AM

 

Stocks on Radar - Inari Amertron (0166)

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Inari Amertron rebounded and tested the RM3.50 resistance level. With its RSI indicator in an uptrend, coupled with a sustainable trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM3.67 and RM3.73. The downside support is projected at RM3.27. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.50

Target: RM3.67, RM3.73 (time frame: 2-4 weeks)

Exit: RM3.27
 

Source: AmInvest Research - 14 Sept 2021

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Labels: INARI

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Chart Stock Name Last Change Volume 
INARI 3.64 +0.10 (2.82%) 21,064,100 

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Juliana Inari Amertron
16/09/2021 8:25 AM


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