INARI.... opportunity for turnaround ?
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it was resisted by 200MA , aka 1.70-1.75..
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But seeing it has good support at 1.55-1.60
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and bottom supported with 3 Moving average (20, 50, 100)
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by zooming out, it was a bearish stock since Oct2018
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Side way since Dec 2018
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200MA is a key area to breakout in order to be more bullishness.
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Strategy:
Enter at support area ( lines we draw)
or
wait for breakout trade (higher risk, breakout might fail)
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Disclaimer:
Please be informed that our analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade.
For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management
Do Your Own Due Diligence (DYODD)
Disclaimer:
Please be informed that our analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade.
For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management
Do Your Own Due Diligence (DYODD)
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