Inari Amertron may rise higher, says RHB Retail Research

TheEdge Wed, Sep 11, 2019 08:36am - 4 years View Original


KUALA LUMPUR (Sept 11): RHB Retail Research said Inari Amertron Bhd may rise higher after it breached above the RM1.70 threshold.

In a trading stocks note today, the research house said yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from Aug 29’s “Hammer” pattern.

“A positive bias may emerge above the RM1.70 level, with an exit set below the RM1.52 threshold.

“Towards the upside, the immediate resistance is at the RM1.85 level. This is followed by the RM2.00 level,” it said.

 

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