Innature is poised to test the RM0.475 resistance level. With its RSI indicator pointing upwards, coupled with a bullish white candlestick pattern, we think that the bullish momentum will soon push towards the short-term target price of RM0.51 followed by RM0.55. In this case, the downside support is marked at RM0.435, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.475

Target: RM0.51, RM0.55 (time frame: 2-4 weeks)

Exit: RM0.435

Source: AmInvest Research - 28 Aug 2020