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Author: Nott_Invest   |   Latest post: Sun, 24 Oct 2021, 9:23 PM

 

INARI break the resistance?

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INARI

Sector: Semiconductor/ OSAT

Analyzed on 17/09/2021

Follow up from our previous analysis, INARI did stayed above its EMA25 after a brief retracement from a high of RM3.75. Today, the share price has broken its resistance at RM3.55 to touch an intraday high of RM3.68 before closing slightly lower. We can see a good Volatility Contraction Pattern before today’s breakout.

Just a recap, in a recent CEO interview, Mr. Lau revealed that INARI is setting sights on being in the KLCI Index constituents as their market cap has grown to RM13billion. INARI’s major US customer's up-coming launch of 5G phones will benefit INARI in the next 6-months as orders to be very encouraging and strong.

What’s your opinion?

Reason to monitor: Breakout from resistance

 

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