AmInvest Research Reports
Stocks on Radar - Inari Amertron (0166)
AmInvest
Publish date: Tue, 31 Dec 2019, 08:53 AM
AmInvest
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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 has rebounded from low to test the immediate resistance level RM1.75. With a rising RSI, it may break the resistance level and move towards the next short-term target price of RM1.82 followed by RM1.90. The support price is anticipated at RM1.67, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM1.75
Target: RM1.82, RM1.90 (time frame: 3-6 weeks)
Exit: RM1.67
Source: AmInvest Research - 31 Dec 2019
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