RHB Retail Research
Technical Analysis - Inari Amertron
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Inari Amertron may climb higher after forming a white candle and hitting its highest close in more than six months. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR2.38 level, with an exit set below the MYR2.20 threshold. Towards the upside, the near-term resistance is at MYR2.55. This is followed by the MYR2.70 level.
Source: RHB Securities Research - 19 Jul 2018
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