InNature rebounded and tested the RM0.655 resistance level. With its 21-day moving average in an uptrend, coupled with a 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 RM0.69 and RM0.71. The downside support is projected at RM0.60. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM0.655
Target: RM0.69, RM0.71 (time frame: 2–4 weeks)
Exit: RM0.60
Source: AmInvest Research - 17 Aug 2021
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