Best World - 3rd attempt at breakout failed

Best world made third attempt at breaking 2.79, but failed. Next support at 2.54, a break below this level will be short term bearish.

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Best World - First Bearish Bar Emerged

First bearish bar emerged for Best World today. Could have topped in the short term. Next target 2.58 and 2.45.

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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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Best World - Prediction on 7 Nov was Spot On

Two days ago, this blog predicted that Best World could correct to 1.25. Today Best World's closing price is 1.26.

Best World's 5-minute chart shows that its price moved almost exactly according to the 7 November trade plan published in this blog post.

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Best World

I shared the chart below about Best World at SGX Market Depth Seminar yesterday night. On 10 August, when the stock was at 1.495, this blog said that Best World has peaked and we could see a reversal of trend. This blog also said that a break below 1.44 will bring Best World into a bear phase. We have witnessed a massive sell down from 1.50 to 1.02 since 14 August. This stock should see support at 0.88, 0.95 and 0.98. Fortune favours the brave at these levels.

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Best World

A great set of results that was largely priced in. A double top formation is in the making. Heading for next support at 1.44. A break below 1.44 will signal the stock has entered a short term bearish phase that could bring it down to 1.31 and 1.21 respectively.

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Best World

Best World - The Big Boys could have distributed today, be cautious! BW could pull back to 1.50 and 1.47 respectively in the short term. If 1.47 is breached the next target will be 1.41. This blog will be a buyer of BW at 1.26

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Best World

On 8 Sep this blog correctly predicted Best World has peaked and could be heading for 1.29. After the call was made Best World started its descend to a low of 1.275 today and rebound to close at 1.415.

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Best World

On 8 Sep , this blog said that its time for this stock to correct. Today we saw a significant fall will a high volume. It is heading for its next support at 1.48 and will eventually hit its medium term target of 1.27 before rebounding.

All posts and charts are for educational and illustration purposes only

Best World

All posts and charts are for educational and illustration purposes only

Best World

All posts and charts are for educational and illustration purposes only