RHB Retail Research
Trading Stocks- Padini
At the time of writing, Padini is holding above the MYR2.54 support. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR2.61 level, with an exit set below the MYR2.54 threshold. Towards the upside, the immediate resistance is at the MYR2.90 mark, followed by the MYR3.10 level.
Source: RHB Securities Research - 27 May 2020
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