Thursday, February 13, 2014

Technical Analysis Feb 2014: PADINI (7052)

PADINI HOLDINGS BHD

Observation from Chart:-

PADINI retest RM1.585 support level.

Will it rebound ? Or break the support level?

Other indicator:-
MACD trade at negative region, downtrend stock.
Stochastic %K trigger SELL call again, pending confirmation.

Immediate support @ RM1.585 level.
Once it break the strong support, it might be high selling pressure.

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.

Let's watch closely.

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