Inari just touch on my fibogood stock uptrend now
double bottom form
above ema 20, 50 , 200
touch Fibo 3.45
now try on 3.50 set buy
Tp1 RM3.75
Tp 2 Rm4
all the way up to north
INARI trade ideas
INARI seem ranging above 2.800. 1/August/21INARI 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
Potential Upside for Inari EmertronThe current Structure has formed an uptrend for short to the midterm timeframe where it already breaks the price level of 3.32. Expected pullback to the previous resistance for buying opportunities with invalidation level for further deep correction if the price move beyond level 2.90
Expected short term TP price level of 3.48. Midterm TP will be next resistance level of 3.62~3.75. I'm looking for Inari could break 3.75 and climb to 3.92 level for the bullish trend to continue for long term investment.
Current EPS 0.083 and good financial growth over the past 3 quarters have shown improvement in the Inari business model.
MYX:INARI
A multibagger for patient investors BUY
- When it breaks the trendline – indicates a reversal
- Lower trendline shows an uptrend – reduced volume indicates reduced volatility after the sell-downs in March 2021
- Add more positions if it’s able to break 3.59
- A multibagger for long term position – short term wise, there are better options
- Involvement of large institutions makes short term price action lacklustre in comparison
SELL
- When it breaks the channel, it means the stock is no longer in favour
RATIONALE
- RF chips are doing well in foreseeable future
- Long term position makes one enjoy the fruit of investing with acceptable dividends
- Careful entry is needed for tech stocks in bursa as they are quite volatile compared with some other stocks
**the analysis is solely for my own references and learning
Inari to BO anytime soonDefinitely 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 own risk.
INARI - Pre Consolidation BreakoutPre Consolidation Breakout Setup.
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
Inari to Test ATHGood tech counter to swing trade with promising potential as it is related to 5G implementation in the country.
Expecting it to pull back a little before rebounding from support unless there is something that will excite the market due to weakening volume, MACD and banker chips.
Strong support around 3.200~3.260 region and resistances at 3.445, 3.560 and 3.750.
Disclaimer: Trade at your own risk.
INARI Long Term Uptrend Channel IntactINARI Rebound from Long Term Uptrend Channel support & 50MA
- Double bottom breakout
- Target previous high 3.75 and 4.00
Fundamental: 5G theme & Chip shortage
Resistance : 3.57, 3.75, 4.00
Support : 3.41, 3.23, 3.08
INARI - Multiple Supporting Points TestedINARI
Theme: Tech
Rst: 3.22/ 3.33
Spp: 3.13
Green doji emerged above MA50, supported by recovering RSI and the entire week’s move tells us support has been forged at Fibo Ext 50%, likely to see recovery back towards Fibo Ext 100%.
INARIBase on situation for inari current price at TF monthly,weekly & daily at support, Lets we see what happen if inari BO the support
KLSE - Battle of the Semiconductors
For some reason, we're not able to show the Laggard boxes, here's the screenshot
We charted the percentage gain since 1st January 2020 till today for leader and laggard stocks of Semiconductor sector based on iSaham.my. We also include the Market Vectors Semiconductor ETF (SMH) and KLCI index as sentiment reference. We also use Simply Wall St to get the Fair Value of the stock.
Here’s what we picked
Leader
INARI
MPI
VITROX
GREATEC
UNISEM
UWC
FRONTKN
D&O
Laggard
FPGROUP
QES
AEMULUS
GENETEC
VIS
MMSV
Some interesting observations:
FPGROUP and AEMULUS were still undervalued, where as the other peers were overvalued between 24% to massively 3399% - Source Simply Wall St
MMSV is trading at highest PE (107.6x) and lowest traded PE is GENETEC (3.22x) - Source Simply Wall St
MPI has the lowest float (9% @ 19M shares) and largest float is QES (26% @ 217M shares)
Top 3 gainers over 1 year are UWC (633%), GREATEC (538%) and D&O (497%) where top 3 lowest gainers are FPGROUP (34%), MMSV (45%) and QES (142%)
This is not a buy call and never will be. Its just our analysis on how the semiconductor stock movement in KLCI.
Hope you will find it useful.
Legend:
MC = Market Cap
NOSH = Number of Shares
FV = Fair Value
O/V = Overvalue
U/V = Undervalue
Simply Wall St
simplywall.st
Market Vectors Semiconductor ETF (SMH):
www.moneyshow.com
iSaham Semiconductor list:
www.isaham.my
INARI - long term upsideNicely rebound at Fibo 38.2%, and hit ATH.
Invalidated if price exit downtrend channel.
# For education purpose only
TAYOR
Inari Support and Resistance formed every 0.4Inari 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.
OSAT Stocks' Performance in BursaMalaysia playing an important role in producing microchip and semiconductor globally. Outsourced Semiconductor Assembly And Test (OSAT) is one of the strong semiconductor's sub sector in Malaysian Stock Market- Bursa Malaysia.
Will do correction before continue uptrendWelcome to all traders, This is my paper trade. Please feel free to comment and give constructive critcsim.
Technical Analysis
Uptrend with the trend above EMAs. Trend is your friend until its bend.
The MACD also in the uptrend.
The candle at upper band BB.
The current Stochastic RSI is 96%. There are 4% left to keep uptrend. Usually, it will retrace and by then can use fibonachi retracement.
#TAYOR #PAPERTRADE #SELAMATBERDAGANG
A+ STOCK - POTENTIAL MID LONG TERM HUGE GAINI would rank this as A+ stock
Reason being:
Just breakout at latest resistance level with healthy amount of volume
RSI showing positive uptrend momentum
Stochastic shows an overbought, potential retracement coming ahead
There is no historical resistance above
Could this be a stock that growth for another 100-200% by end of 2021?
