NCM
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0.00% $23.35 newcrest mining limited

Ann: Quarterly Report - September 2019, page-16

  1. JFI
    6,837 Posts.
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    01/11/19
    09:01
    Post #: 41189923
    Gold contract up to US$1515 now. Looks to me like the weekly wedge/pennant has broken to the upside and we are above all moving averages on that move last 2 days on the daily/weekly and monthly moving averages. The last line of resistance was the 50 dma which was dealt with in the last 24 hrs. In my opinion this is a great time to buy NCM.

    Im see Gold price moving US$100-300 higher now from current and US$1650 is my target.

    JFI
    NCM Price at posting: $31.30 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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