Best World – Forming a Wedge

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)

This Post Has 2 Comments

  1. Roy

    Bestworld seem to be accumulating from the past down trending without any big volume while huge volume on the price increase; poised for further increase in price. June 2010 upward move in price doesn’t show any interest by the speculator and possibly could mimic Jan 2010 behavior. (Just my personal opinion).

  2. Marubozu

    Probably will move up slowly. Company shares buy back a few days ago.

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