Inari Amertron is poised to challenge the MYR3.27 resistance level once again, which would make this its fourth attempt this year. It underwent a strong rebound and successfully crossed the 21-day SMA line. Breaching the immediate resistance could signal the end of its consolidation period and this, in turn, may propel it towards the MYR3.80 resistance, then the MYR4 mark. However, falling below the MYR3.04 support would result in a resumption of the correction phase.

Source: RHB Securities Research - 19 Apr 2024