INARI

Sector: Semiconductor/ OSAT

Analyzed on 25/09/2021

INARI was the focus of the week as it broke its resistance and continued to rally to close at all time high of RM3.84 on Friday. This has boosted INARI’s market capitalization to RM14.14b, one step closer to qualify as FBMKLCI index component company. Note that according to Bursa Malaysia’s rule, INARI’s market cap has to surpass and secure the 25^th largest market cap place to be considered into the index.

Although INARI’s prospect is positive given that Apple has just announced IPhone 13 and the pre-order response was good, INARI is now trading in an uncharted region and RSI has reached overbought region. We may see a pullback when sentiment turn weak, hence traders/ investors who wish to enter can consider waiting at support level. However, if you are an existing INARI investor, congratulations on your holding.

 Reason to monitor: All time high

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NOTT INVEST 

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