ncm's last correction was 25.21%..., page-4

The chart looks pretty negative and has violated long term support .... confirmation of which was the bearish engulfing pattern that manifested last week.

Initial support looks to be around $33 ... then $31-$30 with a medium downside target below $27.00. It may hold around $27.50 but if the downtrend accelerates the longer term downside target could be the big support zone around $17.00

Hopefully, that won't happen but it's a possibilty.

I would be waiting for higher highs and higher lows to emerge on an end of week basis before entering NCM.

DYOR ... I could be wrong and have been wrong on numerous occasions ... but sometimes I get it right.