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