I'm on the verge of climbing back into NCM on back of this:
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It's looked oversold for a few days below it's Bollinger Band range, sneaking back in yesterday. POG not doing anything special overnight, so I'm thinking there may be an opportunity this week - support is $16.75 on my charts. Question is, if it dropped back to support, would the above pattern still be valid? These Recognia alerts work out sometimes, but not a foolproof system by any means. 50% in a month sounds OK to me...
I exited all my goldies before or on US Election Day as POG ran up. Re-entered RRL lower, but too early and also PRU, which I traded up and down until their disastrous report last week, so I'm out of that and not planning to return for a while - so will I put the PRU funds to use to average down on RRL which I'm comfortable with holding LT, or spread the risk buying back into NCM, I ask myself... and NCM followers?
