BURSAMASTER BULLSEYE

BIG : CAN IT BE ANOTHER SARAWAK ELECTION PLAY

BURSAMASTER BULLSEYE
Publish date: Tue, 12 Jan 2016, 10:04 PM
BURSAMASTER BULLSEYE
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BIG (7005)

BIG has been trading above its upward sloping 20-Day Moving Average which is a good sign. Today BIG has successfully made 2 resistance breakouts at 0.69 & 0.73; reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

 

The resistance of 0.73 has now becomes its support with the next resistance at 0.79 & 0.85. It is interesting to note that BIG has closed today at 0.75 breaching its  52-week high.

 

I believe, more is in store for this counter.

 

Background
B.I.G. stands for Bintulu Industrial Gas. Established in 1982 in Miri, the oil town of Sarawak. We have been operating in East Malaysia for the past 21 years. Listed on KLSE Second Board in 1995. Largest supplier of industrial gases in Sarawak with 60% market share and a smaller share in Sabah.

 

(sourced:http://www.bigind.com.my/about_background.asp)

Website:
http://www.bigind.com.my/
 

HAPPY TRADING & GOOD LUCK

BURSAMASTER

 

 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

 

 

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DreamSorcerer

Post removed.Why?

2016-01-13 16:26

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