RHB Retail Research
Trading Stocks - Padini
Padini may rebound further after it tested the MYR3.04 support in its latest session. Yesterday’s candle sent the stock to its 1- week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR3.10 level, with an exit set below the MYR3.04 threshold. Towards the upside, the immediate resistance is at the MYR3.28 mark. This is followed by the MYR3.41 level.
Source: RHB Securities Research - 16 Jan 2020
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