NCM Monthly For the long term view went out to monthly chart. Still in a long term uptrend. Have marked all the low volume upbars in black ,each time no demand for higher prices no effort to raise prices higher .Marked the distribution/resistance within $37.04-$43.47. As we have come down to the bottom of trend channel buying has stepped back in below $26.74,and with 1 day of trading left in this month ,look at the volume.Not alot of selling as we pushed down towards the 3 narrow spread bars March-May with high volume.(possible accumulation area)
NCM Price at posting:
$26.16 Sentiment: None Disclosure: Not Held
