RHB Retail Research
Trading Stocks - Inari Amertron
Inari Amertron may rebound further after it tested the MYR1.89 support recently. Given that it has formed a long white candle above the rising 21-day SMA line, this means the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.95 level, with an exit set below the MYR1.89 threshold. Towards the upside, the immediate resistance is at the MYR2.10 level. This is followed by the MYR2.20 threshold.
Source: RHB Securities Research - 14 Oct 2019
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