KUALA LUMPUR (June 1): AllianceDBS Research said Inari Amertron Bhd (Inari) had on May 31 traded marginally higher to settle at the day’s high of RM2.29 (up 3 sen or 1.32%).
In its evening edition Thursday, the research house said Inari continued to trade above the 20-day (blue) and 50-day (red) moving average lines.
“Following the up close on May 31, the stock is likely to move higher with immediate hurdle at RM2.30.
“A rise above RM2.30 would lift the stock to the next resistance at RM2.35.