Inari Amertron pulled back and tested the RM3.28 resistance level. With its higher low candle stick pattern, we see a possibility for a technical rebound. If this happens, we expect it to move towards the short-term target prices of RM3.40 and RM3.46. The downside support is projected at RM3.14. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pull back RM3.28

Target: RM3.40, RM3.46 (time frame: 2-4 weeks)

Exit: RM3.14

Source: AmInvest Research - 1 Apr 2021