RHB Retail Research
Technical Analysis - Inari Amertron
Inari Amertron’s buying momentum may have returned after it rose above the 55-day SMA line. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR2.33 level, with an exit set below the MYR2.24 threshold. Towards the upside, the near-term resistance is at MYR2.48. This is followed by the MYR2.56 level.
Source: RHB Securities Research - 27 Aug 2018
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