Inari Amertron consolidated and touched the RM3.41 resistance level. With its 21-day moving average indicator pointing upwards, coupled with sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM3.53, followed by RM3.69. The downside support is marked at RM3.28. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.41

Target: RM3.53, RM3.69 (time frame: 2-4 weeks)

Exit: RM3.28

Source: AmInvest Research - 21 Apr 2021