Best World – [ Huge Selldown Today, We Warned About It Just Last Night!]
Chart Source : Poemsview 20th Nov 2018
Best World made another run up during the trading to a high of $2.37. We warned not to chase Best World just LAST NIGHT as we were weary of such parabolic pattern which could end up in a nasty downfall. Taken from last night’s post : “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. “
True enough it hit $2.37 and started its amazing fall. It came crashing down to a low of $1.83 in less than 2 hours wiping out one week of gain. That’s about 20% from the high to the low of today. That would be scary for us and we’re sure to most out there in the market.
Currently Best World is supported at $1.83 which is the uptrend support line and also very close to the 20ema. Closing below this level, we might see more downside.
Do be careful when trading such stocks.
Need an extra pair of eyes to help watch the market with?
Want to be Warned of such Pitfalls?
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