Inari Amertron pulled back and touched the RM3.15 resistance level. With its 21-day moving average in an uptrend, there is a good chance it will experience a technical rebound and head towards the short-term target price of RM3.30, followed by RM3.37. The downside support is marked at RM3.00. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.15

Target: RM3.30, RM3.37 (time frame: 2-4 weeks)

Exit: RM3.00

Source: AmInvest Research - 26 Jan 2021