Kenanga Research & Investment
Highlights / Stock Picks of the Day - B.I.G. Industries Berhad (BIG) – Not Rated
Yesterday, BIG’s share price rose 8.5 sen (+11.3%) and has broken out from “Triangle” chart pattern after two months of downtrend trading. Immediate technical outlook is bullish, as the stock is now trading above all the short, mid and long term moving averages. Increasing trading volume coupled with the MACD-Signal line positive crossover convinced us of a more positive technical picture going forward. Should buying momentum persists; we believe that BIG could possibly retest its next resistance level of RM0.885 (R1) and RM1.00 (R2).
Source: Kenanga
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