Hey People,Ncm is certainly a tricky stock, perfect enrty point...

Hey People,

Ncm is certainly a tricky stock, perfect enrty point today was at the higher bottom of 22.98 on the intra-day chart and it broke upwards at 23.23/24 but has found resistance at the Mid Point of most recent high of 24.03 and 21.53 low which is 23.595, it hit 23.605 and came back a bit. I,m not convinced due to turning up on fourth day which to me is bearish, but time will tell and I am open to all possibilities.

Their are a lot of resistance points between 23.00 -25.00.
so will be interesting to see what it does.

These are the main Resistance Points to me on the way up if anyone is interested.

After 23.595/605 which will be retested tommorrow if going up, 23.75 (M/P of 24.34H and 21.53L), 23.96 (M/P of 24.76H and 21.53L), 24.03 recent High and possible selling point. 24.195 is 50% of most recent Range after the 21.53 Low. 24.22 is 1/8th up from 21.53, 24.395 (M/P of 24.03H and 22.96L), 24.46 (M/P of 25.77H and 21.53L), 24.565 (M/P of 25.97H and 21.53L) and the Main one to me is 50% of First Range from 20.89 Low which is 24.605 possible Target depending on the strength if it gets there.

Hope that does not do your head in to much, but watch and see how the market acts around these points. good Luck if your in.



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