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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  • 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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