NCM $GOLD made MM from bearflag... now let's see. It's now at the bottom of a MUCH bigger bearflag - making her mind up. If it slips, I'll be outsies Fkn $gold ey!
NCM - After breaking its uptrend, it has pulled back to its Fibonacci 61.8% zone and is showing good support. I will be watching price action at the current levels to see if it shows bullish price action to get long for a target of $28.00 and above (potential gain of 10%), and a tight stop below the current swing low. Please note these are my own notes, by no...
NCM broke out convincingly out of the Bearish Trendline indicating that the Bearish Trend might have been over. Since price moved out strongly to the upside, it seems it has found resistance and heading lower for a pullback. The current pullback could provide a good buying opportunity for us. I have marked a buy Zone ranging between $25.00 and $26.00, which is a...
ASX:NCM strong bearish breakout
Presenting good short term buying opportunity at current price range. I think it is going to retrace upwards from current price that is $27.00. this can give potentially around 15% profit at $31.24 range. even if it comes down i can get good support at $26.00 range from where i can easily retrace upwards giving nearly 20% profit.
Looks like it is still in pressure, making lower lows and making lower highs, continuing it's down trend. Next support is around $25.08 range, if breaks then $21.50 is pretty storng support, presenting good buying opportunity. If this scenario realizes then followign should be Take Profits: 1. TP-1: $25.00 ~ (20% profit approximately) 2. TP-2: $29.90 ~ (19%...
We broke out of the downtrend today, I do think the price will fall in the next few days (profit taking) and then continue to go higher. Why? Because Newcrest is forming a very nice inverse head and shoulder pattern. Technical indicators such as moving averages, MACD, RSI, and DMI are looking good and on the bull's side. Furthermore, Silver and Gold prices...
NCM looking golden. Shorts around all time high resistance and longs at overall support level.
Hey guys its bokchoininja here bringing you another analysis. This time we're doing NCM. Newcrest mining looks about to break out of resistance unless we see a pull back by tomorrow when the action starts. Newcrest is looking poised to hit the 2.618 if we do break above the resistance zone. If we just kiss the 1.618 we are looking to fall down to the love heart...
As the coming days / weeks more and more attention will be paid to gold and silver, I start to introduce some producers. Newcrest Mining is one of Australia's and World major gold producers. With an All-In Sustaining Cost (AISC) of $ 738 / ounce of gold, the company is also among the most effictive gold-producing global players. In Australia, it is produced by...
I have been struggling to find longs in this market but NCM is an Oz puppy I like to trade as a gold proxy. It is gappy, it is volatile and it will pop with gold. Stock has been trading in a nice channel for about 15 months with the lower range at c$20 and top range at c.$24. 240M MACD crossing over and stock is trading just around the bottom of the range. What...
NCM will soon decide which way it will move soon...