Sunday, June 8, 2014

Technical Analysis June 2014: INARI (0166)

INARI AMERTRON BERHAD 

Observation from chart:-

INARI been consolidate sideway & forming bolinger band squeeze.

Will it breakout & go higher?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

If INARI succeed breakout the resistance & it's another new high record, there is no immediate resistance.
If retrace down, immediate support would be MA50 level.
Subsequent support @ RM2.57 level.

Let's watch closely.

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