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)
chart view, page-8
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