Inari Amertron formed a white candle after it tested the MYR1.60 support in the previous two sessions. This may signal that the stock’s recent sharp retracement has reached its end, and a rebound phase is likely to develop. Towards the upside, the immediate resistance is expected at MYR1.84, this is followed by MYR2.04. A stop-loss can be placed at below the MYR1.60 mark.

Source: RHB Securities Research - 30 Nov 2018