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?
Want to be part of this EXCLUSIVE COMMUNITY to help guide and prepare for market.
Don’t wait and CLICK HERE to see how you can join this community and all the exciting perks of being a Client of Kelwin&Roy