Inari Amertron is poised to resume its upside movement, eyeing to break past the MYR2.75 immediate resistance. Observe that the stock underwent a consolidation phase after falling below the 21-day SMA line. The latest bullish price action shows that the momentum is picking up pace again. If a breakout happens, the momentum should propel the stock towards MYR2.86, followed by the MYR3.00 mark. On the flip side, if it falls below the MYR2.60 support, the bears would be in control.

Source: RHB Securities Research - 9 Jan 2023