NCM 0.00% $23.35 newcrest mining limited

charting a breakout 4 ncm

  1. 945 Posts.
    fwiw, this is what i see:

    daily; today closed above both the 20 & 50day ma's. also is protruding above the resistance of the descending wedge. all are bullish sisgns. perhaps an even more bullish sign will be if the 20day ma can cross the 50day from underneath. we're nearly there. stoch. is in bought territory with plenty more room to buy in. volumes are also starting to increase which is important.



    weekly; seems to have alotta bull flag patterns repeating (see yellow lines drawn in). question is, how many bars will complete this? last few from most recent backwards have lasted; 4, 7 &9 weeks. this is the 4th in the current. stoch is in similar posi to daily.



    unfortunately, all of this analysis may well prove irrelevant if pog falls below 900.

    welcome any comments. that includes criticism, as i don't know it all.
 
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