Inari Amertron is poised for a strong rebound after it climbed higher for three consecutive days on healthy volume. Premised with the stock piercing above the 21-day SMA line from below yesterday, a bullish bias may emerge should it breach above the MYR3.29 resistance level. Then, the next resistance levels are set at MYR3.47 and subsequently, MYR3.60. Meanwhile, breaching below the MYR3.16 support level may invalidate this expectation.

Source: RHB Securities Research - 28 May 2021