INARI

Sector: Technology / OSAT

Analyzed on: 27/7/2021

All of us are aware that VITROX has recently posted an above expectation quarterly earnings, which generally boosted the semiconductor sector to be traded higher. INARI as the market cap leader in Malaysia semiconductor industry, has also jumped from RM3.20 to close at RM3.41 today. EMA25/50 are trending upwards, with golden cross just happened this week. RSI is approaching overbought region, need to exercise cautious for short term swing traders. The immediate resistance level is at RM3.55 region, while support at RM3.10 level.

However, with the positive prospects for global semiconductor industry, INARI should be one of the benefited OSAT player. Barring any unforeseen black swan incident, we remain bullish on INARI and expect better earnings in upcoming quarters.

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NOTT INVEST 

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