AmInvest Research Reports
Stocks on Radar - Inari Amertron (0166)
AmInvest
Publish date: Thu, 13 Aug 2020, 10:13 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 poised to test the RM2.13 resistance level. With a bullish hammer candlestick pattern sighted, coupled with 21 days moving average trending higher, we think that it may reverse upward and move towards the short-term target prices of RM2.22 followed by RM2.40. In this case, the downside support is marked at RM1.95, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on breakout RM2.13
Target: RM2.22, RM2.40 (time frame: 2-4 weeks)
Exit: RM1.95
Source: AmInvest Research - 13 Aug 2020
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