Rakuten Trade Research Reports
Technical View - Padini Holdings Bhd
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Publish date: Thu, 09 Sep 2021, 12:39 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Padini Holdings Bhd (PADINI, 7052)
• PADINI closed 1.6% higher at RM3.15 on Wednesday.
• A bullish engulfing has been formed yesterday. PADINI has also managed to stay above all its key moving averages.
• MA 20 that is showing uptrend seems to act as a strong support for the price. The uptick in RSI and bullish signal shown in MACD indicates higher possibility of further uptrend.
• Hence, resistance levels are identified at RM3.24 (R1) and RM3.30 (R2).
• On the contrary, support levels are pegged at RM3.09 (S1) and RM3.00 (S2).
Source: Rakuten Research - 9 Sept 2021
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