We believe the buying interest for Insas is back after it pushed out from a 1-week bullish pennant pattern yesterday. With the stock posting a long white candle and closing near its 52-week high, bullish momentum may be present now. A bullish bias may emerge above the RM0.90 level, with stop-loss set at RM0.86, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.95, followed by RM1.00.

Entry : RM0.90–0.92

Target : RM0.95, RM1.00

Exit : RM0.86

Source: AmInvest Research - 12 Sept 2023