ringgitlab

BIG - Trendline breakout

Long
ringgitlab Updated   
MYX:BIG   B.I.G. INDUSTRIES BHD
Price has broken the trendline on 09/08/2022. Let's wait for little pullback formation before placing our entry.
Would this indicates for BIG to change direction to uptrend?

Potential entry:
1) RM0.785 - RM0.795
2) RM0.720 - RM0.755 (Suitable for long-term)

Resistance:
RM0.84 / RM0.985

Support:
RM0.695

Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.
Comment:
Reach our first TP at RM 0.84.
Let's see if the price can reach the next resistance at RM0.985.

All the best and don't forget to keep supporting Ringgit Lab.

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