RHB Retail Research
Trading Stocks - Padini
Padini may trend higher after it formed another white candle and breached above the MYR4.00 mark. This has sent the stock to its highest close in more than four months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR3.90 level, with an exit set below the MYR3.68 threshold. Towards the upside, the immediate resistance is at MYR4.25. This is followed by the MYR4.68 level.
Source: RHB Securities Research - 16 Apr 2019
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