Inari Amertron inched above the 21-day SMA line and may soon test the RM2.26 mark. With a healthy RSI level, a bullish bias may be present above this point with a target price of RM2.54. Meanwhile, it may continue trending sideways if it fails to cross the RM2.26 mark in the near term. In this case, support is anticipated at RM2.06 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM2.26

Target: RM2.54 (time frame: 3-6 weeks)

Exit: RM2.06

Source: AmInvest Research - 27 Sept 2018