NCM newcrest mining limited

7.77 or back to 7.25

  1. 2,498 Posts.
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    Closed my long today and took profit, NCM was strong today
    lets see if they break 7.77 or back down to 7.25 again.

    Gold may still go higher but taking profit in NCM when it moves up or down over 5% is very tempting.

    Not convinced if bottom was in place yesterday.

    Would be possible some more profit taking in NCM if gold goeas down overnight.

    This beast can now go either way....bullish signal that 7 was passed today

    Holding short too long below 7 has become too risky for me.

    Cheers,

 
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