Inari Amertron is poised to resume its uptrend after finding support from the recent pullback. It managed to bounce off the resistance-turn-support level of MYR3.37, forming a higher low indicating that the uptrend structure remains intact. If the rebound extends, the bulls are eyeing to reach the next resistance level at MYR3.56, followed by MYR3.75. A downside breach of MYR3.25 would negate this expectation and shall see the stock price move south for further correction.

Source: RHB Securities Research - 8 Apr 2021