AmInvest Research Reports
Stocks on Radar - Inari Amertron (0166)
AmInvest
Publish date: Fri, 27 Sep 2019, 08:46 AM
AmInvest
0 9,057
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Inari Amertron shot up and was testing the RM1.84 level during its intraday high. With an RSI level above 70%, it may move higher above this mark with a target price of RM1.95, followed by RM2.05. Meanwhile, it may drift sideways if it fails to cross the RM1.84 mark in the near term. In this case, support is anticipated at RM1.74, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.84
Target: RM1.95, RM2.05 (time frame: 3-6 weeks)
Exit: RM1.74
Source: AmInvest Research - 27 Sept 2019
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