KUALA LUMPUR (July 13): AmInvestment Bank Bhd Research said Inari Amertron Bhd may trend higher after surging above the RM2.20 level to reach a new high in its latest session.

In a stocks on radar note today, the research house said with the RSI level just crossing the 70 mark, a bullish bias may be present above this point, with a target price of RM2.60.

“However, it may turn sideways if it cannot sustain above the RM2.20 mark in the near term.

“In this case, support is anticipated at RM2.10, whereby traders may exit on a breach to avoid the risk of a further correction,” it said.