19th November, 2018, 9:09 PM
Chart Source: Poemsview 19th Nov 2018
Best World has seen a very good and fast climb up over 40% from $1.50 to $2.2o in less than a month.
It climbed even higher on a positive set of results which is rather rare in today’s market condition.
Best World has now hit the upper trend line resistance of $2.20. It might move a little higher creating a fake breakout or start retracing soon. We prefer to be a little more cautious as we have seen how stocks crash from a high in a very short period of time. One example which we warned about was REX. We warned our readers back on 26th Sept that Rex might be due for a pullback and true enough it came and and pullbacked 40% in less than a month.
So it pays to be careful for now. Its alright to miss an opportunity rather than chasing with the risk reward not being on our side.
Ensure you have a sound and firm trading plan.
Let’s see how Best World performs.
What’s your trade plan?
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