NCM
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0.00% $23.35 newcrest mining limited

bear trap

  1. xerxes_ph
    9,081 Posts.
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    20/02/09
    23:35
    Post #: 4822002
    What Does Bear Trap Mean?

    A false signal that the rising trend of a stock has reversed when it has not.


    Looks like the short sellers will be trapped and will be forced to cover their positions at higher prices.

    NCM looks set to power ahead next week - the highs are in the crosshairs.

    Congrats. to those brave enough to hold.
    NCM Price at posting: $33.03 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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