The main chart.



Padini was once a hot favourite. Backed by a strong growth story, you could see the extreme strong movement in the chart till end Aug 2012.
The earnings reported by Padini end Aug was terrible. Earnings declined like hell.
Was this a signal that perhaps the end of the growth story?
Would stores like Uniqlo eat into their future earnings.

With such a bad earnings, Padini corrected strongly.

Currently..



As you can see that the end Aug/Sep correction had ended and the stock was trying to find its feet again (mixed feeling about this as the earnings are rather week compared the previous year).
It had a superb run in May until taper June send the stock crumbling down once again.
Despite the heavy June correction, TA would be happy to point out that the stock appears to have found a higher low of 1.84 and that higher bottoms can be seen since end Dec.
Could 1.84 be considered as a new found bottom?
If that is the case would you want to put a wager on this stock?