Tuesday, September 25, 2012

Technical Analysis Sept 2012: PADINI (7052)

PADINI HOLDINGS BHD

Observation from Chart:-

PADINI retest MA20 resistance level.

Will it break through?

Other indicator:-
MACD trade at positive region, uptrend stock.
Stochastic %K trigger SELL call.

If market sentiment is bullish, it might break through MA20 resistance.
Else, it might consolidate & trade at RM2 support level.

Let's watch closely.

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