RHB Retail Research
Trading Stocks - Padini
Padini may climb higher after it formed a second consecutive white candle. Last Friday’s candle can be regarded as a continuation of the buying momentum that started off 28 Aug’s upside gap. A positive bias may emerge above the MYR3.64 level, with an exit set below the MYR3.50 threshold. Towards the upside, the immediate resistance is at the MYR3.77 level. This is followed by the MYR3.95 threshold.
Source: RHB Securities Research - 10 Sept 2019
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