Inari Amvertron was testing the RM1.77 resistance level in its latest session With an RSI level above 50%, it may trend higher above this point with a target price of RM1.84 followed by RM1.90. If it fails to close above RM1.77, expect a sideway movement. Support price is anticipated at RM1.70, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.77

Target: RM1.84, RM1.90 (time frame: 3-6 weeks)

Exit: RM1.70

Source: AmInvest Research - 23 Jan 2020