Inta Bina Group Bhd (INTA, 0192)

• We foresee further upside for INTA after its share price broke out from the triangular pattern witha strong white Marubozu candlesticks yesterday. The recent candles showing upward movement after a brief consolidation as the stock is trending above both EMAs, signalling the bullish momentum is picking up.

• We expect the positive trajectory to steer the stock higher and test the next resistance at RM0.50(R1) followed by RM0.54 (R2) in the near term.

• On the downside, stop-loss is set at RM0.44.
  

Source: Rakuten Research - 11 Oct 2024

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