Padini Holdings Bhd (KLSE : 7052) - Someone Ahead of Market ?

On 29 Nov, Padini announced their 1st Quarter (30 Sep) FY2019 with net profit of RM18mil. This resulted in q-o-q net profit dropped of 69% and 42% y-o-y.

The following day, 30 Nov, the share price plunged.

What is more interesting is the price action prior to the announcement.

On 12 Sep, the price action broke all S-Trader Trend Tracker support level.
Furthermore, smart money's interest on decline as price moves higher since mid-year.

Daily chart.

What do you think ?


Source :
1) Metastock

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1) "Power Within Metastock"

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