INARI (Not Rated)

• INARI gained 5.0 sen (+2.98%) to close at RM1.73 yesterday.
• Chart-wise the share has been consolidating between all key SMAs since mid-August.
• Yesterday’s candlestick closed higher with the formation of a “Marubozu” Candlestick, and was also the third consecutive bullish candlestick, indicating strong buying interest.
• Coupled with the uptick in key technical indicator, we expect the share to trend higher and test its overhead resistances at RM1.86 (R1) and RM2.00 (R2).
• Conversely, key support levels can be found at RM1.60 (S1) and RM1.42 (S2).

HARTA (Not Rated)

• HARTA gained 15.0 sen (+2.91%) to end at RM5.31 yesterday.
• Chart-wise, the share has been gradually trending upwards since early-August.
• Yesterday’s candlestick formed a bullish candlestick and closed above all key SMAs, which signifies that the short term buying interest has resumed. Coupled with the uptick in key technical indicators and above-average trading volume, we expect the share to continue trending upwards.
• With that, key resistance levels can be seen at RM5.50 (R1) and RM5.80 (R2).
• Conversely, key support levels can be seen at RM5.00 (S1) and RM4.60 (S2).

Source: Kenanga Research - 11 Sept 2019