BIG Industries is set to resume its uptrend rebound as it bounced off the 21-day average line and previous MYR0.725 breakout too following its recent pullback – this was backed by improved trading volumes. The “higher low” bullish pattern above the immediate support suggests a follow-through bullish momentum should propel the stock towards the MYR0.80 recent high, followed by the MYR0.855 next resistance. Conversely, the counter may reverse direction if it falls below the MYR0.68 support, forming a “lower low” bearish structure below the average line.

Source: RHB Securities Research - 18 Jan 2023