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Good evening, here's my opinion on Inari based on technical analysis.
Inari closed at RM2.06 which is above 0.236 fibonanci line (RM2.04) for quite a few days. This could indicate that this support line (RM2.04) is very strong and effective. Besides, multiple hammers candlesticks can be spotted just above the support line. It might be signal for the ending of retracement. Furthermore, Inari is still on a up trend as the trend line has not been broken yet. The trend line shall act as the second support line after the 0.236 fibonanci level (RM2.04). The trend line will be valued at RM1.92 on Monday. Please note that trend line support point will increases day by day. So as time goes, the support point of the upward trend line will increases. There is no buy and sell recommendation. That's all. Cheers.
