INARI AMERTRON BERHAD Stock Code: 0166
INARI (Trading Buy, TP: RM4.08). INARI has recently staged a breakout from its ‘Flag’ chart pattern with above-average trading volume. Underlying outlook is positive as the share price trades above all its SMA level. MACD and Stochastic have staged a crossover, with the latter hooking upwards to imply a reversal play. Besides, the uptick in RSI also suggests that buying momentum is piling up to reinforce the bullish view. We reckon that follow through buying interest will propel the share price towards retesting its previous high level of RM3.85(R1) and possibly rally towards our ‘Flagpole’ measurement objective of RM4.08 (R2) next.
Source: Kenanga Research – 04/11/ 2015
INARI AMERTRON BERHAD
The Company is an investment holding company with subsidiaries involved in the electronics manufacturing services (EMS) industry. The Company principally involved in semiconductor packaging which comprises back-end wafer processing package assembly and RF final testing for the semiconductor industry.