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
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INARICreated by AmInvest | Jul 26, 2024