Should be an interesting open for NCM on Monday.
Lots of buying volume came in to push NCM to recent highs, only to get it handed to them by being gazumped 5% in one massive swoop of selling.
Ouch! POG slightly lower, Aussie gold doing ok, but not moving higher like it was.
Thinking NCM can trade down below $10 again.
Perhaps I'll use TeTeTe's short entry point of sub $9.50 as take profit target.
As I'm sure they are a reverse indicator.
Actually in reality, not that bearish. May see low 10s or high 9s.
NCM does seem to be attracting a bit of interest, but POG will dictate mostly.
NCM Price at posting:
$10.75 Sentiment: Sell Disclosure: Held
