RHB Retail Research
Trading Stocks - Padini
Padini surged further on higher trading volume yesterday. A bullish bias emerged above the resistance level of MYR2.98. With trading volume trending upwards, we believe the bullish momentum is gaining traction and it may lift the stock towards the next resistance level of MYR3.17, followed by MYR3.35. Meanwhile, a downward breach of the MYR2.80 support will negate this expectation.
Source: RHB Securities Research - 24 Feb 2021
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