Saturday, July 5, 2014

Technical Analysis July 2014: INARI (0166)

INARI AMERTRON BERHAD

Observation from chart:-

INARI forming higher high & higher low.

How high will it go higher?

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

If retrace down, immediate support would be MA20 level.
Subsequent support @ RM2.88 level.

If breakout RM3.15 resistance level, another new high record.

Let's watch closely.

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