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Right timing: Best World punters get cold feet

Goola Warden
Goola Warden8/18/2017 03:26 PM GMT+08  • 1 min read
Right timing: Best World punters get cold feet
SINGAPORE (Aug 18): Here is one technical chart to monitor this coming week.
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SINGAPORE (Aug 18): Here is one technical chart to monitor this coming week.

Best World ($1.035) looking for support
After driving up this counter up 136%, it fell 35% or 55.5 cents in Aug 7-17. The 21-day RSI is at 28.5, above its one-year low of 20. So prices can be considered to be in an oversold position. The downside target has also been met. Based on the chart pattern, prices broke below the neckline of a double top at $1.36 indicating a target of $1.13. This target also coincided with a 50% retracement level.

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