It's better to wait for technology index to drop @ 38 +/- ONLY consider to buy your Malaysia Favourite stoks e.g : Inari, DNEX etc..
INARI is trending down to long term cycle 13 ( Bold Green) toward 1.50 +/-. @ wave C ( Red Circled) Which is the last leg of complex double three running flat pattern ABC ( Red Circled) in wave II ( green).
Despite earnings miss expectations, the price & volume shows that the price is supported with intention to rebound in short term from yesterday 5 mins chart. However, the upcoming rebound may just be a short term rebound to soften the price fall. Any longer term upside needs to be monitor.
Inari - Rst 2.8 area. Supp 2.6 area. Red chip appearing. Worth to monitor if klse tech can come back.
Yesterday price & volume movement shows big boys are coming in to lift the price higher after recent price fall. In 5mins charts showing supporting volume then mark up volume in.
22nd Nov intraday price & volume action shows big boys have the intention to mark the price higher with lesser volume created during price down. Which signal selling pressure from the big boys is reduced compare to last week. Our view : we are expecting a rebound in the next few days.
Inari price possible still hasn’t completed its correction as global chip still “oversupplied” “ temporally “..Now it is moving to cycle 13 ( green) until end of 2022 or early 2023.
ForEducationalPurposesOnly. Sorry. I’m not trying to educate you, I know you are very well educated adult. I Just share/ forward some investment information/opportunities as There are lot of misinformation / money games out there, me and my family’s member was a victims before.
INARi with Annually Dividen of around (5%-8%). Trading is not about “achieving” 1 + 1 = 2 (accuracy) BUT a probability of finding a setup with min of 1.5 : 1 = reward : risk ratio with min of 40% “chance” from trader edge ..George Soros : It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose...
MYX:INARI Opportunity or threat? Time to build position?
INARI's stock price may still "dropping" until around 2.75. The next major demand zone and lower trend line support of possible a triangle pattern.
Technical analysis for INARI Stock based on Trend Analysis, Chart Pattern and Fibonacci Retracement
INARI on "waiting List" as a 1 of the 30 "Components Stock Index" in KLSE..as its market cap surges after price have broken all time high again. Its price structure may show it has completed wave iv (green circled) BUT price may retrace soon for expanding flat in wave (b) (Red) where price could reach around RM 3.355..
Inari is forming ascending triangle with VCP. Do watch out for consolidation and better market sentiment
This is the second stock idea related to semiconductor. Inari has been forming an ascending triangle chart pattern. Now will be interesting to see if 3.75 resistance can be broken. There's a support at 3.36 and the uptrend line which coincides with the MA50 line. This is worth waiting for if it does not violate the support.
INARI. It Seem like Possible double top and forming a flat pattern. Even The Boss has 'disposed" substantial amount of its stocks recently ?
INARI stock price seem consolidating above RM2.800 in wave iv ( Green Circled) as a triple zig zag wave pattern. where price finally could reach at around RM2.800 1) The Next Major Demand Zone 2) Lower Trend Line Support of triple zig zag channel .. As previous closed price was RM3.330 there would be about 15.92% drop toward RM2.800
Definitely will breakout from trendline resistance, green short term triangle pattern after consolidating in the blue rectangular region. A good risk reward counter to trade with now forming strong support at 3.350. Intermediate resistance at 3.445. Previous idea’s resistances are still valid. Banker spike detected at 38% and increasing. Disclaimer: Trade at your...