INARI AMERTRON BERHAD
Updated

Inari Support and Resistance formed every 0.4

1 631
Inari moving and form Resistance and Support every 0.4 Range.
Hit Resistance, pullback and hovering around 50% of 3.2-3.6 range.
Pullback with relatively low volume is healthy.

FIFT still +ve and making Higher High..
MCDX Banker's volume around 80% but retrace.

HOWEVER,take note that Quarterly Earning is out soon...
Suggest to stay aside for now.


Note
Both Technology sector in Malaysia and US are doing retracement.
Inari is doing a healthy pullback. Price drop with relatively lower volume.
STILL Uptrend, Bullish and Strong Bull
Banker's Volume is around 75% but Overbought
With Quarterly Earning is near, most likely Inari is doing consolidation within the channel..

Can hold if got open position.
Those want to take the risk can buy at channel support...
Otherwise, stay out.

snapshot
Note
Bounce nicely from channel support.
snapshot
Futher buy BoD at 3.43
Note
snapshot
Slow turtle Buy
Note
snapshot
Be careful..
Gap down.
Sign of bearish divergence with Overbought (OB) and Fast Turtle Sell signal.

Drop below EMA20 (3.45) might turned FiFT into -ve.
Another option is to exit if break below Turtle Pivot (3.28)

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