RHB Retail Research
Technical Analysis - Padini
Padini
Padini may move higher after it tested the MYR5.75 support in its recent trades. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR5.92 level, with an exit set below the MYR5.75 threshold. To the upside, the near-term resistance is at MYR6.30. This is followed by the MYR6.50 level.
Source: RHB Securities Research - 28 Aug 2018
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