Newcrest Mining gap above range after corrective wave completion . This is the TSX listed version of the Australian ASX listed stock . NCM is a big player in the golden triangle after the takeover of Pretium resources which i previously owned and they are aggressively raising their dividend which is a huge plus . With the rising gold price earnings are set to be...
ASX:NCM strong bearish breakout
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...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
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...
This company has a high Price to Earnings ratio (33.72) relative to the sector (15.18). However, this can be explained as the stock is very strong fundamentally. Newcrest has a very low debt to equity ratio (26.7%) for the size of the company (17.498bn). We can compare this to ASX:ASL Ausdrill, another gold company that closely tracks the global spot price of...
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...