Rakuten Trade Research Reports

Technical View - Innature Bhd

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Publish date: Tue, 20 Apr 2021, 05:40 PM
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Innature Bhd (INNATURE, 5295)

• INNATURE closed 4.9% or 3.5 sen higher to RM0.755 yesterday.

• INNATURE is gaining upward momentum as share price broke new high yesterday, along with resistance breakout and higher trading volume. This reinforces the bullish bias and couple with positive signs from indicators, share price is likely to scale new high.

• From here, resistance levels are projected at RM0.85 (R1) and RM0.90 (R2).

• On the other hand, support levels are seen at RM0.705 (S1) and RM0.685 (S2).

Source: Rakuten Research - 20 Apr 2021

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