| DATE | TARGET PRICE | RESEARCH HOUSE |
|---|---|---|
| 04/12/2020 | 3.14 | KENANGA |
| 26/11/2020 | 2.78 | AmInvest |
| 25/11/2020 | 2.96 | MIDF |
| 25/11/2020 | 3.28 | HLG |
| 25/11/2020 | 2.9 | BIMB |
The following study is the previous event that happened to Inari Amertron during 2016-2017 period.
This is a case study of Inari Amertron to verify the Wyckoff Schematic of accumulation and how we can derive target prices for the mark up phase using Elliot Waves analysis.
To further strengthen the basis for the target price, we calculate the Wyckoff Target Price using Point & Figure Chart based on the Law of Cause & Effect.
Based on the analysis, we can see all the TPs were hit, with the exception of EW TP3 at 1.618. The wave retraces back just before it hit the 1.618 Fibonacci level.
Nevertheless, if the trader strictly follow the trading plan as per devised in Wyckoff Trading Blueprint, we should still be able to make profit from other TPs.