RHB Retail Research
Trading Stocks - Padini
Padini may climb higher after posting a long white candle and leaving an upside gap. Yesterday’s candle sent the stock to its 3-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR3.60 level, with an exit set below the MYR3.38 threshold. Towards the upside, the immediate resistance is at the MYR3.90 level. This is followed by the MYR4.07 mark.
Source: RHB Securities Research - 29 Aug 2019
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