Rakuten Trade Research Reports
Technical View - Inari Amertron Bhd (INARI, 0166)
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Publish date: Tue, 28 Jan 2020, 09:31 AM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Inari Amertron Bhd (0166)
• INARI rose 7.95% or 14 sen to close at RM1.90 last Friday.
• Last Friday’s close marked a long positive candle accompanied with higher-than-average trading volume. With the upward movement of the key momentum indicators, we expect share price to go higher and potentially to test the RM2.00 level.
• Resistance levels are expected at RM2.00 (R1) and further to RM2.09 (R2).
• Conversely, downside support levels are expected at RM1.76 (S1) and RM1.66 (S2).
Source: Rakuten Research - 28 Jan 2020
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