NCM 0.00% $23.35 newcrest mining limited

Hey Fasttrade,I agree with your bullish sentiment, my reasoning...

  1. 422 Posts.
    Hey Fasttrade,

    I agree with your bullish sentiment, my reasoning is that average reaction in Time for Ncm is approx 4.5 days which today is 4th Day and close just under High (reversal).

    Average price reaction is approx 1.97c (24.77c - 22.83c = 1.94c), Also support is exact average of low of 23.80 on 24/01 and 23.86 on 22/01 at 23.83

    I think it is possible for a rally and retest of 24.03 and maybe 24.77 in the next few days depending on the gold price and general market sentiment. IMHOOC and DYOR.

    snider
 
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