NCP has recently had a great run.
From less than $9 to bordering on $13 in a month and a half.
A lot of this has been driven by Insto's being caught short.
With a neutral outlook for the next few months in the US, I am anticipating that the rally may just consolidate or fall back abit.
Time to take the profits and look for the next entry point.
Having said that if News Corp breaks $13 with any intensity then I would have called it wrong.
This is a gut feel call, although if NCP closes today around $12.80+/- 5c, then a bearish candlestick pattern will be in place as well.
Good trading
- Forums
- ASX - By Stock
- gut feeling says rally will take a break
gut feeling says rally will take a break
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online