Kenanga Research & Investment

Highlights / Stock Picks of the Day - Inari Amertron Berhad (INARI) – Stopped-out

kiasutrader
Publish date: Tue, 14 Oct 2014, 09:32 AM
In 19th June 2014, we issued a ‘Trading Buy’ call on INARI as we anticipated the resumption of its share price uptrend post a resistance breakout at that time. However, its share price performance has turned weak recently on the back of sell-down in tech-stocks amid weak market sentiment. MACD is seen trending down in negative divergence over the Signal line and momentum looks weak with indicators hooking downwards. Thus, we are issuing a ‘stopped-out’ call on this stock.
 
 
Source: Kenanga
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