Best World is forming a Wedge and maybe a Symmetrical Triangle. The chart pattern looks good to trade because it is moving and swinging up and down, unlike certain penny stock that the stock price never move for months! A very safe entry point is somewhere near the wedge support at about $0.30.
If everything goes wrong technically, still can hang on this stock base on the fundamental.
Base on FY2009 Financial Report
- PE = 7.25
- Net Margin = 13.3%
- ROA = 14.8%
- ROE = 17.9%
- Current Ratio = 5.1
- No Debt
- Dividend Yield = 5% (base on $0.34)