NCM
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0.00% $23.35 newcrest mining limited

7 days of positive closes, page-30

  1. fasttrade
    1,050 Posts.
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    30/01/13
    16:19
    Post #: 11353099
    It was an interesting trading day on NCM. A very narrow range 23.20-23.39. Volume was low and looks like participation dropped off.

    Notice how the chart has formed a very small pennant (mini symmetric triangle) in the past few days after the 24.03 high the other day.

    Suspiciously quiet. I think an explosive move either up or down is coming. Needs to take a direction soon.

    Any thoughts?
    NCM Price at posting: $23.22 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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