kgiap123

Inari Support and Resistance formed every 0.4

kgiap123 Updated   
MYX:INARI   INARI AMERTRON BERHAD
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.


Comment:
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.

Comment:
Bounce nicely from channel support.
Futher buy BoD at 3.43
Comment:
Slow turtle Buy
Comment:
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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