Padini: Possible Bullish Breakout

Padini may have a bullish breakout at RM3.65. Its immediate target could be RM4.00. For those who are keen to trade this breakout, I would suggest that you stagger your entry by buying in 2-4 tranches between RM3.70-3.80. A pullback to RM3.70 is possible but a drop below the breakout level of RM3.65 should be a warning that the play is over. (Note: Padini is at RM3.75 as ta 4.40pm.)


Chart: Padini's daily chart as at July 18, 2017_4.30pm (Source: Shareinvestor.com)