NCM 0.00% $23.35 newcrest mining limited

grasschoppa,There is a double bottom now against the 16th...

  1. 2,158 Posts.
    grasschoppa,

    There is a double bottom now against the 16th September causing a short bounce.

    I miscalculated the exact bottom however locked in 2% more shares this has happened to me before. I got a small short term bounce and it broke down without warning - maybe I need more computer power.

    But a drop a little below that DB could set up a broader more powerful (longer term) buy signal on my systems and align with a greater range of T/A signals. This would match the type I called on the past two buy signals.

    The RSI on the daily chart is in a falling wedge could also be bullish. Well done on your grab. Mr Market may have just handed me my face again but I wait and see because the whole complex has not broken as yet.

    Shocking market conditions here.
    DYOR and best of investing to all,
    CW
 
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