Rakuten Trade Research Reports
Technical View - Padini Holdings Berhad
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Publish date: Fri, 02 Sep 2022, 11:46 AM
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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 Berhad (PADINI, 7052)
• Share price closed 1.80% higher at RM3.40 on Thursday.
• PADINI broke out from its resistance level yesterday and has been trading above its key moving average lines. The indicators are also showing uptick momentum, therefore share price is expected to propel higher.
• Resistance levels are identified at RM3.76 (R1) and RM3.66 (R2).
• On the flipside, support levels are pegged at RM3.25 (S1) and RM3.12 (S2).
Source: Rakuten Research - 2 Sept 2022
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