On Thursday, Best World gap down due to right issues and closed at $0.31 with low volume of 0.14 million shares traded.
A black candle sticks with long lower shadow showed the high selling pressure though the trading volume is relatively low.
Both RSI & MACD are bullish though RSI is at overbought region.
Important Resistance of Best World: $0.325
Immediate Support of Best World: $0.29
We do not encourage buying now since the RSI is already at overbought region.
Although Best World is currently supported at technical/20/50/100/200 days MA at $0.29 but we would prefer buying at $0.27 for safer entry.
On Thursday, NOL tested the major support at $1.92 and closed at low of $1.91 with high volume of 25.7 million shares traded.
A long black candle stick with short upper shadow affirmed to the high selling pressure due to poor market sentiments
Both RSI & MACD are bearish as MACD did a “cross down” today.
Important Resistance of NOL: $1.92
Immediate Support of NOL: $1.89 (Technical/Fibonacci 78.6% support)
We do not encourage to buy now since NOL has fallen below the 20/50/100 days MA at high selling pressure.
Thus we would suggest buying only when it approaches near the critical support at $1.76
Be The First To Comment