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Thursday, August 24, 2017

Best World

Best World - 24th Aug 2017

Best World after hitting the high of 1.62 on 7th Aug 2017, it has since retreated sharply and went down to touch 95 cents on 21st Aug 2017.This is rather negative/bearish.

The current price of 1.18 is staying below the SMA lines which is generally quite negative.

Short term wise, it may likely consolidate within 1.125 to 1.29. Breaking down of the critical support at 1.08 may smell trouble as it may likely continue to trend lower towards 1.00 then 95 cents with extension to 85 cents.
not a call to sell or buy.

( trade base on your own decision)

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