InNature’s buying interest is back after it broke out of the 4-week bullish flag pattern with a long white candle yesterday. As the 20-day and 50-day EMAs have established their bullish crossover since early Septermber, the current upward momentum may continue in the near term. A bullish bias may emerge above the RM0.56 level, with a stop-loss set at RM0.51, below 26 Sep’s low. Towards the upside, the near-term resistance level is seen at RM0.63, followed by RM0.68.

Entry : RM0.56–0.59

Target : RM0.63, RM0.68

Exit : RM0.51

Source: AmInvest Research - 5 Oct 2022