INARI AMERTRON BERHAD
Observation from chart:-
INARI retest RM2.87 strong historical 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 Q3 result will be announce soon.
If above expectation, high possibility breakout & go higher.
If below expectation, it might be retrace trace & retest support.
Let's watch closely.
Tuesday, May 13, 2014
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