Rakuten Trade Research Reports
Technical View - Inari Amertron Bhd (INARI, 0166)
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Publish date: Fri, 27 Sep 2019, 10:33 AM
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Inari Amertron Bhd (0166)
• INARI gained 3.4% or 6 sen to RM1.84 yesterday.
• Share price has been consolidating since July and managed to breakout from all key moving averages in early September on the back of higher trading volume. Yesterday’s close is indicating possible continuation of the upward momentum.
• We expect next immediate resistance levels at RM1.90 (R1) and to RM1.94 (R2).
• Conversely, support levels are found at RM1.72 (S1) and RM1.66 (S2).
Source: Rakuten Research - 27 Sept 2019
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