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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Fri, 27 Nov 2020, 8:54 AM

 

Technical View - Inari Amertron Bhd (INARI, 0166)

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Inari Amertron Bhd (0166)

• INARI advanced 6.9% or 15 sen to RM2.46 yesterday.

• Share price closed with positive candle and bullish breakout from the recent high on the back of higher trading volume yesterday. Besides, key indicator MACD is signalling positive sign and thus we expect the upward trend to continue further.

• Resistance levels are seen at RM2.56 (R1) and further to RM2.62 (R2) level.

• On the downside, support levels are seen at RM2.30 (S1) and RM2.20 (S2).

Source: Rakuten Research - 8 Oct 2020

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Labels: INARI

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Chart Stock Name Last Change Volume 
INARI 2.67 +0.02 (0.75%) 9,935,200 

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