Inari Amertron is eyeing to extend its rebound after crossing above the 21-day SMA line. Observe that since climbing above the moving average line, the stock has charted a “higher high”, showing that a strong bullish momentum is underway. If the stock stays above the breakout point of MYR2.40, it should continue to travel towards MYR2.50, followed by MYR2.60. On the flip side, falling below the MYR2.34 support would see a “lower low” and negate the bullish setup.

Source: RHB Securities Research - 31 Mar 2023