On the technical front, Padini continued to be one of our favourite trading stocks, having formed a steady uptrend channel since October 2011. With the recent selldown in the local market, Padini's share price corrected to its long-term trend line line at RM2.02 before forming a "Morning Doji Star" candlestick reversal pattern.  The Stochastics indicator and the RSI have both hooked up, indicating the start of a short term uptrend and an increase in relative strength. The share price has also crossed the 50-day SMA and we believe that Padini is well-placed for an uptrend resumption from here.  Resistance levels can be found at RM2.20 and RM2.38 while support is provided by the upward sloping support at RM2.02.