Technical Breakout: Padini Holdings Berhad (7052)

PADINI has been trading sideways between the support (S1: 3.34) and the resistance (R1: 3.89) for more than 4 months. It breached above the R1 on 15 April 19 and completed a rounding bottom formation with a volume of 3.695mil. The stock now has a target price of 4.40 so long it continues to trade above R1.

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