INARI (Not Rated)

• INARI slipped 1.0 sen (-0.65%) to close at RM1.53 yesterday.
• Chart-wise, INARI seems to be undergoing a consolidation after a short rally in Jan-19. We note that it is still trading below its 100-day SMA, which has proven to be a key level. Until INARI breaks above its 100-day SMA, we believe it could continue lower given lacklustre signals from key momentum indicators.
• Support levels can be identified at RM1.50 (S1) and lower at RM1.35 (S2), should the first support level be taken out.
• Conversely, we look towards RM1.69 (R1) and RM1.90 (R2) as resistances.

DBHD (Not Rated)

• Yesterday, DBHD fell 4.5 sen (-8.18%) to close at RM0.505.
• Since the beginning of this year, the share has been on an uptrend on the back of higher-than-average trading volume.
• Despite primary uptrend still being intact, we believe the share is likely to undergo a short-term retracement as shown by yesterday’s long bearish candle and uninspiring key momentum indicators.
• Expect the share to retrace back to its support levels at RM0.455 (S1) and RM0.395 (S2).
• Conversely, resistance levels can be found at RM0.580 (R1) and RM0.660 (R2).

Source: Kenanga Research - 22 Mar 2019