Friday, February 10, 2017

Best World - UOB Restricted List

Best World gap down 3 days back on a Wednesday. I believe on Tuesday, UOB had placed Best World in their restricted list which caused that sell down that we see now. Looking and studying at the chart, the stock had selling from the big buyers and is due for a correction. I am not bullish on this counter anymore because the valuation is too high now. I am not sure if this stock is shortable or if it's in CFD or SBL but I know the timing to short maybe coming soon. For those who are holding this stock, be on alert.

Picture source for restricted list:

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Ronald K - Market Psychologist - A Stock Market Opportunist