PADINI stock price may reach at around RM10 at the upper line of ascending broadening wedge pattern.. Before a big "crash" .. for expanding flat pattern..
Study...based upon Volume Price Spread Analysis and Momentum
Padini has shown both Breakout and Momentum.
Close: 3.14
EP: 3.07 - 3.20
SL: 2.76
TP: 3.38 / 3.69/3.89
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
PADINI has recently made significant bullish movement this month, breaking a valid downtrend line and price has recently close above 50-period MA in weekly timeframe. Our short term target is at 3.1. Exit below 2.0
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to...
Padini share price just cross up Moving average 200 days and 3rd quarter report earning up 5.7%.
Also is sign of earning recovery.
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Technically, it is not looking good for PADINI as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line.
Furthermore the support level is still quite far at 2.01.
Descending Triangle identified at 3 Aug 20.
This pattern is still in the process of forming.
Possible bearish price movement towards the support within next...
