Inari Amertron surged past the resistance level RM1.51 in its latest session with higher trading volume. With a rising RSI, the short-term momentum could reach a target price of RM1.62, followed by RM1.72. If it dips below RM1.51, it will continue to move sideways and consolidates.Support price is anticipated at RM1.41 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.51

Target: RM1.62, RM1.72 (time frame: 3-6 weeks)

Exit: RM1.41

Source: AmInvest Research - 3 Jun 2019