All posts and charts are for educational and illustration purposes only
Wednesday, April 18, 2018
Best World - Fundamentals are Good but Price Action Shows Otherwise
Best World - Result due in early May with analyst expecting upbeat results, management guided 20% growth target for 2018 backed by free cash flow yield of 6% and trading cum dividend 2.6c. All these looks rosy but today's price action suggest Big Boys could have distributed in March/April . Could rebound to 1.65 from current price 1.59 . If prices stay below 1.61 , it could go down to its next support at 1.55. A break below 1.55 could trigger a sell down to 1.46 and 1.35
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