Best World – Beware of Reversal

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Best World’s chart is redrawn after issuing Bonus 1 for 5 Shares on July.  There is a dilution effect and thus previous price history were adjusted down. Best World is still trading in a Wedge pattern but today trade see a Doji candlestick, indicates a stop of the recent up trend. Coincidently, this Doji candlestick appears at the resistance of the Wedge pattern. In addition, Stochastic and RSI are in Over Bought region. Base on this observation, there is a tendancy that Best World will reverse the trend and head south in the next few trading sessions.

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