Inari Amertron Bhd (INARI, 0166)

• Share price closed 1.0% higher at RM4.00 on Friday.

• INARI has managed to close above all its moving averages for the first time since the correction from 17 Dec 2021.

• Backed by the upticks in its indicators and MACD bullish crossover, INARI is poised to move higher.

• Resistance levels are identified at RM4.09 (R1) and RM4.27 (R2).

• On the flipside, support levels are pegged at RM3.94 (S1) and RM3.85 (S2).

Source: Rakuten Research - 3 Jan 2022