Regency View:

Best Of The Best (BOTB): Close at 603p

Our position in online competition firm, Best Of The Best (BOTB) surged more than 40% last week following the release their pre-full year results trading update.

The update revealed that trading through the second half of their financial year had been particularly strong and that full-year numbers would now come in ahead of expectations.

Whilst we passionately believe in letting our winners run, BOTB’s share price is now very extended with the relative strength index (RSI) hitting 88 – indicating that we may see some profit taking at current levels. There is also a significant amount of good news baked into the share price and as lockdown lifts, the market may begin to shift towards recovery plays.

Gross Profit = +88.4%

BOTB Daily Candle Chart