RHB Retail Research
Technical Analysis - Inari Amertron
Inari Amertron
Inari Amertron formed a long white candle, indicating that the momentum of buying could be strong. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR2.30 level, with an exit set below the MYR2.06 threshold. Towards the upside, the immediate resistance is at MYR2.53. This is followed by the MYR2.70 level.
Source: RHB Securities Research - 4 Jun 2018
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