Inari Amertron may trend higher after it broke above the RM2.85 resistance and hit a new 52-week high on Friday. The stock also broke out from the 1-month bullish rectangle pattern, likely indicating that the near-term bullish momentum may persist. A bullish bias may emerge above the RM2.85 level, with a stop-loss set at RM2.70, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM3.20, followed by RM3.40.

Entry : RM2.85–3.00

Target : RM3.20, RM3.40

Exit : RM2.70

Source: AmInvest Research - 17 Jul 2023