RHB Retail Research
Technical Analysis - Padini
Padini
Padini may climb higher after posting a long white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR5.50 level, with an exit set below the MYR5.25 threshold. Towards the upside, the immediate resistance is at MYR6.00. This is followed by the MYR6.50 level.
Source: RHB Securities Research - 7 Jun 2018
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