AmInvest Research Reports

Stock on Radar - Padini Holdings

Publish date: Wed, 18 Jan 2023, 09:18 AM
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Padini posted two white candles in a row and its 20-day EMA has started to turn up, likely indicating the return of buying interest. The stock hit its new 52-week high and left an upside gap yesterday, additional upside strength may be present in the near term. A bullish bias may emerge above the RM3.70 level, with a stop-loss set at RM3.48, below the 16 Jan low. Towards the upside, the near-term resistance level is seen at RM4.00, followed by RM4.20.

Entry : RM3.70–3.76

Target : RM4.00, RM4.20

Exit : RM3.48

Source: AmInvest Research - 18 Jan 2023

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