Best World had some bad negative news yesterday and the stock suddenly started to react with a heavy sell down. The market was moving up and best world crashed almost 17% I believe. When a stock suffered selling with 20% one day, it meant something drastic and bad must have happened internally. Can the chart foresee this bad omen happening? I would say yes because at the peak, many retailers were chasing the stock up and right at the peak, the demand waned off with a narrow bar while the rest was history. One fall and one drop, it created fear among investors and many traders started to short the stock down for quick intraday profits. Best World is now under trading halt and only time can tell when the news is released.
Ronald K - Market Psychologist - A Stock Market Opportunist
