Innotek

Innotek: CIMB has technical buy call. Note that prices seem to be at tail end of 5-mth consolidation triangle and next big move likely to be up given that run prior to triangle was up. MACD & RSI are neutral, which is in line with the triangle pattern. Expect momentum to pick up once prices breakout above $0.535, with key resistance at $0.575, $0.615 &$0.64. Stop loss at $0.495.