Innature surged and tested the RM0.515 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.545 and RM0.555. The downside support is projected at RM0.485. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.515

Target: RM0.545, RM0.555 (time frame: 2-4 weeks)

Exit: RM0.485

Source: AmInvest Research - 18 Nov 2020