Inari Amertron rose and tested the RM3.78 support level. With its RSI indicator moving upward, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM3.92 and RM3.98. The downside support is projected at RM3.58. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM3.78
Target: RM3.92, RM3.98 (time frame: 2-4 weeks)
Exit: RM3.58
Source: AmInvest Research - 20 Oct 2021
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INARICreated by AmInvest | Jul 26, 2024