RHB Retail Research
Technical Analysis - Padini
Padini
Padini was testing the MYR5.80 level in recent trades. A bullish bias may be present above this point with a target price of MYR6.20, followed by MYR6.50. The stock may drift sideways if it cannot surpass the MYR5.80 threshold in the near term. Support may be found at MYR5.25, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 26 Jun 2018
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