BBFL Stock Reversal: From Consolidation to Breakout RallyThe chart for Big Bird Foods Limited (PSX: BBFL) illustrates a classic market cycle with a notable reversal pattern. Initially, the stock experienced a prolonged downtrend, forming a rounded bottom between late 2024 and early 2025. This was followed by a range-bound consolidation phase, indicating accumulation by market participants. Around May 2025, a bullish breakout occurred, pushing the price above the resistance zone and confirming the reversal. Since then, the stock has shown a strong uptrend with higher highs and higher lows, supported by an upward-sloping curve, suggesting increasing momentum. The shaded projection area indicates a potential bullish continuation, with price targets potentially reaching above PKR 87 if the trend holds. Key support lies around PKR 44–49, which would be crucial for trend sustainability in case of a pullback.
