I think long term NCM will be trading at higher prices. But my trading is being done on margin, so I am very carefyl atm, and am locking in profits on any sell signals
Yesterday I mentioned 'I am out' ... yesterdays failure to continue on, despite good US futures & a strong gold price, always meant it was going to fall today.
IMO it has the potential to get to $32.50 before a further upleg. For long term holders not on margin there is no concern, but for traders & margin investors, yesterday was your sell day.
I will certainly be back in
cheers
NCM Price at posting:
$33.19 Sentiment: Hold Disclosure: Not Held