Inari Amertron may soon move higher to test the resistance level of RM1.31. The momentum indicator RSI has swung above 50% indicating that a bullish momentum could break out. If this happens, it will travel to the next short-term target prices of RM1.41 and RM1.55. The downside support is anticipated at RM1.19, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.31

Target: RM1.41, RM1.55 (time frame: 3-6 weeks)

Exit: RM1.19

Source: AmInvest Research - 7 Apr 2020