INARI (Not Rated). INARI’s share price broke out yesterday to a fresh all-time high, before ending the day up by 8.0 sen (4.1%) at RM2.04. INARI has been on an uptrend for almost a year, having climbed from a low of RM1.28 registered in May. Overall, INARI’s uptrend remains healthy with the major SMAs in a “Golden Crossover” and momentum indicators on a rising trend. With the share price having taken out the RM1.98/2.00 crucial resistance, INARI now has a clear path towards the next resistance RM2.14 (R1) and possibly RM2.25 (R2) next. Downside support levels are now the aforementioned resistance-turned-support level of RM1.98/2.00 (S1), and RM1.89 (S2) below.

KRONO (Not Rated). KRONO’s share price rose to an intra-day high of RM0.395 before finishing the day at RM0.375 (+2.0 sen or +5.6%). Noteworthy is that trading volume surged to as high as 36.4m shares, while the RSI has broken out of its mild downtrend. From a technical perspective, KRONO’s primary trend is positive. The share price has been consolidating sideways over the past month. Nevertheless, early signs of a consolidation zone breakout are beginning to show. We reckon that the RM0.39 (R1) resistance is a crucial level to watch over the coming days. Should this level be taken out decisively, this would then signal a continuation towards RM0.415 (R1) and possibly RM0.435 (R2) next. Downside support levels are RM0.355 (S1) and the February low of RM0.315 (S2).

Source: Kenanga Research - 24 Mar 2017