RHB Retail Research
Trading Stocks: Padini
Padini may rebound further after it tested the MYR3.32 support recently. The stock has posted a white candle and left an upside gap, which is a positive sign. A positive bias may appear above the MYR3.60 level, with an exit set below the MYR3.32 threshold. Towards the upside, the near-term resistance is at MYR4.18. This is followed by the MYR4.72 level.
Source: RHB Securities Research - 1 Mar 2019
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