breakout, page-14

OK I bought in earlier today after the breakout was confirmed, opened at $35.50, saw some strong buying with no fade away and bounced VERY strong off $35.30 level, and it's been up since, reaching new day highs consecutively despite the flat market conditions. I take this as a breakout from those descending channels I was talking about in the other thread (and now it's an ascending channel), and this means that $37 SHOULD be a shoe-in from here. That's my target price anyway.

Gold also broke $1750 level so this has been in conjunction with what you would expect from NCM. There's a bit more legs left in this one. Only concern I can see from this is the average daily volume has been dropping off despite the rise in share price, but today has seen a strong rise with more volume than normal, confirming to me a breakout.

What a fickle stock NCM is, I was ST Sell at the end of last week, and today it's a ST Buy.