Inari Amertron rebounded and tested the RM3.50 resistance level. With its RSI indicator in an uptrend, coupled with a sustainable trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM3.67 and RM3.73. The downside support is projected at RM3.27. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.50

Target: RM3.67, RM3.73 (time frame: 2-4 weeks)

Exit: RM3.27
 

Source: AmInvest Research - 14 Sept 2021