Rakuten Trade Research Reports
Technical View - Inari Amertron Bhd (INARI, 0166)
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Publish date: Fri, 07 Feb 2020, 10:13 AM
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Email: customerservice@rakutentrade.my
Inari Amertron Bhd (0166)
• INARI closed flat at RM1.80 yesterday.
• Chart-wise, it has bottomed out at RM1.66 with trend reversal and has since been on gradual uptrend building up the momentum for a bullish breakout.
• Share price is trading above key moving averages, signalling new uptrend cycle likely heading towards RM2.00 level.
• Resistance levels are expected at RM1.90 (R1) and further to RM2.00 (R2). • Conversely, downside support levels are expected at RM1.68 (S1) and RM1.58 (S2).
Source: Rakuten Research - 7 Feb 2020
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