Inari Amertron has gapped up from its low to test the immediate resistance level of RM1.89. With a rising RSI, a bullish bias may be present above this mark with target prices of RM2.00 and RM2.07. It will move sideways if it fails to break above the RM1.89 resistance. In this case, the immediate support is anticipated at RM1.78, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.89
Target: RM2.00, RM2.07 (time frame: 3-6 weeks)
Exit: RM1.78

Source: AmInvest Research - 9 Dec 2019