Unboxing the Accumulation Phase for Padini?
In my perception, rectangular pattern develop for several weeks since Three Black Crow can into the chart at the end of Dec 2018.
Follow by first attempt on April 2019 however the result was unsuccessful.
Now, we can see that the price has crossed up MA20 recently indirectly shows the possibility of second attempt.
IF the price able to break the upper box pattern then, we might able to see significant movement up to 4.25. On the other hand, it might get lower to breakout point on Feb 2017.
The best part for this stock, it pays dividend consistently in quarter basis.
Thus, it is recommended stocks for both traders and investors.
All the best
Follow by first attempt on April 2019 however the result was unsuccessful.
Now, we can see that the price has crossed up MA20 recently indirectly shows the possibility of second attempt.
IF the price able to break the upper box pattern then, we might able to see significant movement up to 4.25. On the other hand, it might get lower to breakout point on Feb 2017.
The best part for this stock, it pays dividend consistently in quarter basis.
Thus, it is recommended stocks for both traders and investors.
All the best
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