Technical Analysis Aug 2013: PADINI (7052)
PADINI HOLDINGS BHD
Observation from Chart:-
PADINI keep forming lower high & lower low.
Is that rebound soon? Or going lower low again?
Other indicator:-
MACD trade at negative region, downtrend stock.
Stochastic %K trigger SELL call.
Immediate support @ RM1.76 level.
Immediate resistance @ MA20 level.
Subsequent resistance @ RM1.84 level.
Let's watch closely for the breakout.
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