Inari Amertron has retraced lower during recent sessions. With a neutral RSI, its uptrend momentum may resume if it breaks above the immediate resistance price of RM1.59 in upcoming sessions. If this happens, its short-term target price will be RM1.69. Support price is anticipated at RM1.48, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.59

Target: RM1.69 (time frame: 3-6 weeks)

Exit: RM1.48

Source: AmInvest Research - 14 Aug 2019