Tuesday, August 13, 2013

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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