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INARI IN ABC FORMATION

Long
MYX:INARI   INARI AMERTRON BERHAD
From a low of 3.290 on 30 July 2021 to a high of 4.300 (52wh) on 22 November 2021, Inari retraced and rebounded from 3.670 (on touch-point) on 20 December 2021 which is fibo618. On 21 December 2021, the price crossed up EMA100. To enter trade, the probable EP would be 3.670 to retest fibo618. The probable TP is 4.110 which is a daily pivot point and the probable CL would 3.495, which is below support level fib0786 as well as yearly and monthly supports. On the other hand, 3.495 is also supported by EMA200.

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