BIG Industries (7005) BIG Industrries rose and touched the RM1.55 resistance level. With its RSI indicator pointing upward, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.62, followed by RM1.70. The downside support is marked at RM1.40. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.55

Target: RM1.62, RM1.70 (time frame: 2-4 weeks)

Exit: RM1.40
 

Source: AmInvest Research - 10 Sept 2021