Following up on our previous discussion on Bionsensors International (BIG), in my personal opinion on BIG, the price level of 1.285 - 1.295 is an important pivot level to look out for. Having said that, the current immediate support and resistance level is 1.305 and 1.365 respectively.
Putting everything into perspective, I have the opinion of four possible paths that may be in play:
(1) A move below 1.305 will see BIG trending towards 1.205 - 1.235. Along the way down, would see the resistance-turned-support line at 1.250. This path may be invalidate when BIG moves above 1.365.
(2) A move below 1.180 will see BIG trending towards 1.055 - 1.105. This path will be invalidate when BIG move above 1.400.
(3) A move above 1.365 will see BIG trending towards 1.395 - 1....
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