AmInvest Research Reports
Stocks on Radar - Inari Amertron (0166)
AmInvest
Publish date: Wed, 20 Oct 2021, 10:10 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
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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