RHB Retail Research
Trading Stocks - Inari Amertron
Inari Amertron may move higher after it continued holding above the MYR1.52 support. Given that the stock has formed a “Hammer” pattern on 29 Aug, this indicates a potential rebound. A positive bias may emerge above the MYR1.60 level, with an exit set below the MYR1.52 threshold. Towards the upside, the immediate resistance is at the MYR1.70 level. This is followed by the MYR1.76 mark.
Source: RHB Securities Research - 6 Sept 2019
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