RHB Retail Research
Trading Stocks - Inari Amertron
Inari Amertron is set for a strong uptrend reversal after it bounced off the 21-day SMA line on high trading volume – breaching the immediate resistance of MYR3.45. Coupled with a long white candlestick, the strong momentum will continue to propel the stock towards its recent and all-time high of MYR3.75, followed by the uncharted territory of MYR4.00. Meanwhile, sliding below the MYR3.38 support would see the direction reverse.
Source: RHB Securities Research - 1 Sept 2021
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