NCM newcrest mining limited
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more downside expected

  1. Nouf
    178 Posts.
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    28/09/13
    21:40
    Post #: 12384662
    I suspect this has a few more gyrations left before a meaningful low is in place.

    This stock has a similar pattern as many of the US Gold stocks suck as ABX, GG etc in the $HUI.

    A new low for wave 5 of [3] would set the stage for a bounce in wave [4], before eventually moving lower in wave [5] of C to end what i believe is an expanded flat, as shown on the left hand side

    NCM Price at posting: $11.47 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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