Inari Amertron is moving sideways, testing the RM3.18 resistance level. With its RSI indicator in an uptrend, 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 RM3.28 and RM3.33. The downside support is projected at RM3.07. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.18

Target: RM3.28, RM3.33 (time frame: 2–4 weeks)

Exit: RM3.07

Source: AmInvest Research - 8 Jul 2021