Sunday, November 24, 2013

Technical Analysis Nov 2013: INARI (0166)

INARI AMERTRON BERHAD

Observation from chart:-

INARI succeed breakout RM1.40 strong resistance level.

Since higher high been confirmed, how high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Since INARI been breakout the resistance & it's new high record, there is no immediate resistance.
If retrace down, immediate support would be RM1.40 level.
Subsequent support @ RM1.30 level.

Do watch out upcoming quarter report, which will announce next few days.
This report will determine the bull run performance.

Let's watch closely.

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