Inari Amertron pushed out from its 2-week bullish flag pattern yesterday, implying that its previous uptrend may have resumed. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in mid-June, the uptrend may continue in the near term. A bullish bias may emerge above the RM3.00 level, with a stop-loss set at RM2.78, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM3.40, followed by RM3.50.

Entry : RM3.00–3.09

Target : RM3.40, RM3.50

Exit : RM2.78

Source: AmInvest Research - 4 Aug 2023