Friday, 8 June 2018
BestWorld: 8 June 2018, Friday, 2.34pm Singapore Time
8 June 2018, Friday, 2.34pm Singapore Time
(Click on Technical Chart Above to Expand)
Attached above is the technicals for BestWorld. It is a stock poised for shorting/short-selling. After a brief breakout, the stock engaged in a high volume distribution. Suppression volume came in thereafter and created a suppression zone, with suppression volumes that reinforced the previous green bars of distribution. If BestWorld breaks down the black trend band of support, it will also break down the orange trend line. This will lead to a fall below the entire low of the chart illustrated. Based on technicals and volume flow, smart monies are hinting that this is an overvalued stock which has to shed its fats. Short-sellers and sellers in the market will help to shed its overweight fats significantly.