Rakuten Trade Research Reports
Technical View - Padini Holdings Berhad
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Publish date: Tue, 27 Dec 2022, 01:03 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
- Share price closed 1.20% higher at RM3.38 on Friday.
- PADINI has formed a higher low at RM3.24. The share price managed to close above all key moving average lines last Friday. Coupled with a bullish MACD crossover and its indicators showing uptick momentum, the share price is expected to trend higher.
- Resistance level is identified at RM3.52 (R1).
- On the flipside, support levels are pegged at RM3.24 (S1) and RM3.20 (S2).
Source: Rakuten Research - 27 Dec 2022
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