Following up from previous blog post on the 1st of March when Best World was trading at 1.51, just wanted to do a quick recap...
Over the past 1 month we have indeed seen Best World pushing higher day by day hitting our targets and just last week, hit a high of 1.90...
However as you know, when the market started to sell off on concerns of trade war with China late last week, we started to see some profit taking and a retracement lower....
Some rebound targets were drawn then last week on the selloff.... see what i mean below...
Have indeed started to see some bargain hunting returning again over the past few days when it neared the 1.60 – 1.70 support...
Seems like we have seen a slight technical rebound as per the targets drawn last week..
Uptrend still looks alright above 1.75 now...
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Will be watching to see if it can retest the 1.90 previous high again.... See it lift off as mentioned below...
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