Wednesday, October 15, 2014

Technical Analysis Oct 2014: INARI (0166)

INARI AMERTRON BERHAD 

Observation from chart:-

INARI is forming lower low & break MA200 support level.

When will it rebound?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.

Immediate support @ RM2.31 level.
Subsequent support @ RM2.00 level. 

Due to oversold, most likely will technical rebound soon.
Immediate resistance @ RM2.55 level.
Subsequent resistance @ MA200 level.

Let's watch closely.

0 comments:

Post a Comment