Inari Amertron moved higher and touched the RM1.86 resistance level. Observe that it has formed a bullish white candle during its recent session, coupled with higher trading volume, this shows that there is a possibility it may break out from the resistance level. If this happens, expect the bullish momentum to travel towards the short-term target prices of RM1.92 and RM2.01. The downside support is anticipated at RM1.76, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.86

Target: RM1.92, RM2.01 (time frame: 2-4 weeks)

Exit: RM1.76

Source: AmInvest Research - 7 Jul 2020