I've just re-entered NCM after following the stock quite closely when it fell through $20.00
My obvious entry is $16.50 which represents the GFC low of 2009. I consider this low as quite an important mark and would be highly surprised if we took this mark out like butter.
So far we have only tested this mark once being 2 days ago... the market needs a confirmed test before deciding this will not hold. (it won't be today I assure you)
NCM Price at posting:
$16.38 Sentiment: Buy Disclosure: Held