INARI

Sector: Semiconductor/ OSAT

Analyzed on 23 Mar 2022

Following up from our previous analysis, we anticipated INARI to face resistance at RM3.17, RM3.34 and RM3.51 Fibonacci retracement levels. Today INARI challenged the 38.2% resistance and successfully close above it, giving preliminary indication of breaking the resistance. If generally the market remains positive sentiment, we could see INARI sustaining above the resistance level and lead to a successful trend reversal. Let's monitor its progress.
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