RHB Retail Research

Technical Analysis - Inari Amertron

rhboskres
Publish date: Wed, 19 Sep 2018, 04:45 PM
rhboskres
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RHB Retail Research

Inari Amertron may rebound further after it tested MYR2.08 support in its latest session. Given that the stock has formed a “Hammer” pattern on 18 Sep, this indicates a potential rebound. A bullish bias may appear above the MYR2.08 level, with an exit set below the MYR2.08 threshold. Towards the upside, the near-term resistance is at MYR2.30. This is followed by the MYR2.40 level.

Source: RHB Securities Research - 19 Sept 2018

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