RHB Investment Bank Bhd (RHB Research) has highlighted Inari Amertron Bhd and SP Setia Bhd as its latest trading ideas, citing bullish technical signals that could drive further gains in both counters.
The research house said Inari Amertron appears poised to extend its uptrend after breaking above the RM2.25 resistance level.
According to RHB Research, the semiconductor-related stock formed a bullish candlestick pattern and closed above key resistance, signalling strengthening momentum.
The next upside targets are seen at RM2.40 and RM2.55. However, the bullish outlook would be invalidated if the stock falls below the RM2.10 support level.
Meanwhile, RHB Research said SP Setia is also showing signs of strengthening momentum after printing a long bullish candlestick in the latest trading session.
The property developer is now attempting to secure a close above the RM1.05 level, which could trigger a fresh wave of buying interest.
Should the breakout materialise, the stock may advance towards RM1.10 before testing the next resistance at RM1.15, according to the research house.
On the downside, RHB Research said a drop below the RM1.00 support level would negate the bullish setup and potentially lead to a correction.
