Inari Amertron has been sold down during the last few sessions. As the RSI dipped, it has become oversold. It may rebound in the coming session if it breaks above the resistance price of RM1.65. If this happens, the short-term target price will be RM1.76, followed by RM1.88. Support is anticipated at RM1.58, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.65
Target: RM1.76, RM1.88 (time frame: 3-6 weeks)
Exit: RM1.58

Source: AmInvest Research - 23 Dec 2019