Thursday, March 6, 2014

Technical Analysis Mar 2014: INARI (0166)

INARI AMERTRON BERHAD 

Observation from chart:-

INARI retest RM2.00 psychology resistance level.

Will it breakout & go higher?

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

If INARI succeed breakout the resistance & it's another new high record, there is no immediate resistance.
If retrace down, immediate support would be MA20 level.
Subsequent support @ MA50 level.

Upcoming dividend ex-date fall on 18 March 2014

Let's watch closely.

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