Yeah well spotted there ectoplasim,
NCM has a good history of following the RSI divergence in particular, whether weve seen the drop that`s been forcast by the divergence already from 37 to 30 remains to be seen, 31.00 has pretty good closing price support above the 50 day EMAV, and is also an obvious round number that people will be watching, its also the midpoint of wave 4 in Sallys wave count.which is to be expected of this retrace.
if 31.oo fails to hold on a closing basis theres probably more downside,but if it holds and reverses we may have already seen the depth of the retrace.
imo only
- Forums
- ASX - By Stock
- NCM
- charts for cha
charts for cha, page-4
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)