Inari Amertron bucked the trend, rising and testing the resistance price of RM1.85. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM2.00, followed by RM2.14. If it fails to cross RM1.85, it will continue to move sideways and consolidate. Support price is anticipated at RM1.71 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.85

Target: RM2.00, RM2.14 (time frame: 3-6 weeks)

Exit: RM1.71

Source: AmInvest Research - 19 Apr 2019