AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 24 May 2019, 6:26 PM


Stocks on Radar - Padini Holdings (7052)

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Padini Holdings was testing RM3.70 level and the 21-day moving average during its latest session. With a neutral RSI level, it may move higher above this mark with a target price of RM3.93, followed by RM4.27. Meanwhile, it may drift sideways if it fails to cross the RM3.70 mark in the near term. In this case, support is anticipated at RM3.45, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further technical rebound above RM3.70

Target: RM3.93, RM4.27 (time frame: 3-6 weeks)

Exit: RM3.45

Source: AmInvest Research - 7 Jan 2019

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Labels: PADINI

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PADINI 3.73 -0.02 (0.53%) 429,800 

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