Chart Watch: Best World

2016Jun-Best World-800x449

Best World (5ER)

 

2016Jun-Best World-800x449

 

  • After a 4 month long uptrend that saw the stock more than triple in value from February, Best World saw a large correction of more than 20% at the start of June.

 

  • Following that, stock tried to rally but failed to recover back to its previous high

 

  • Short term downtrend has resumed after it met resistance at the $1.18 range.

 

  • Might see further downside but watch for support level at the 50MA line.