Hi all,
I've been watching BIG for a few months now and waiting for an entry point and took a long position yesterday.
Fundamentals appear solid from what I've read (i.e. good product, low shares on issue, quarter on quarter increase in revenue).
From a technical perspective, it looks to have broken out of the partial descending wedge pattern formed from peaks of November 2017 to current. The longer term chart shows a non-exact Flag formation, which is bullish and enough for me to take an entry.
Similarly, the ADR has turned up (white line in red circle), with the bulls now in charge (green line above red in the circle).
Will attempt to ride the trend up to 6.5 target.
IMO and DYOR.
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