re: Ann: Newcrest closely monitoring situatio...
the next few sessions will be the deicder for ncm....
it's about 30c of the 61.8 retrace from the last low ...
I know you fundies don't care about TA but I use both....
A few things can happen here...$42 is the magic number...why ..because it's the 61.8 retrace...
Shorters are looking to pounce here..ther are 65K sell orders on at 42
ncm reverses 90% of the time at this fib there r 65K sell orders on at that price..but shorters don't lick your lips too quickly....the underlying trend for ncm is very strong
I find it useful to trade using glasses with one bull lens and one bear lens...
NCM Price at posting:
$41.50 Sentiment: None Disclosure: Held
