Padini may trend higher after it gapped up and posted a long white candle 2 sessions ago. As the stock also surged to a new multi-year high and coupled with its rising EMAs, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM3.80 level, with a stop-loss set at RM3.56, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM4.20, followed by RM4.50.

Entry : RM3.80–3.90

Target : RM4.20, RM4.50

Exit : RM3.56

Source: AmInvest Research - 1 Mar 2023