KUALA LUMPUR (Feb 26): RHB Retail Research said Padini Holdings Bhd may move higher after it continued holding above the RM5.00 support.

In a trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this indicates a positive sign.

“A bullish bias may appear above the RM5.00 level, with an exit set below the RM5.00 threshold.

“Towards the upside, the near-term resistance level is at RM5.50. This is followed by the RM6.00 level,” it said.