Thursday, September 1, 2016

Best World - Support Zone @ 1.85

Happened to see the Best World chart again and for the short term support for the stock, I believe it would be in the 1.85-1.87 region. The sellers were persistent and there was a huge wall at the 1.955 region. Based on the chart, as you can see I drew 3 lines of supply ceiling, those were selling areas where I believe the stock has many stale bulls up there. In the short term, I am bearish.

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Ronald K - Market Psychologist - A Stock Market Opportunist