Saturday, January 25, 2014

Technical Analysis Jan 2014: PADINI (7052)

PADINI HOLDINGS BHD

Observation from Chart:-

PADINI retrace down from RM1.84 high level.

Is that rebound soon? Or going retest RM1.59 support level again?

Other indicator:-
MACD trade at negative region, downtrend stock.
Stochastic %K still on SELL call itinerary.

Immediate support @ RM1.59 level.
Immediate resistance @ MA50/ MA100 level.
Subsequent resistance @ MA20 level.

Let's watch closely for reversal sign.

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