NCM
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0.00% $23.35 newcrest mining limited

NCM -> Bounce coming - I see +20%

  1. PointBreak5
    1,167 Posts.
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    10/11/15
    10:16
    Post #: 16359080
    ncm.PNG (see my prev post on MGX.. +25%...)

    1.  MACD at extreme - bounce back coming
    2. Massive support @ 11 - 1 year+ support level
    3. We had a 50 day cross over the 100 day - this is a bullish signal.
    4. Gold in AUD terms still very strong @ $1550
    5. Full year production still on target(despite Cadia shutdown)
    6. Great contrary indicator to the market (hedge)
    7. RSI @ 31 (buy signal).

    Sorry I'm late to post.. stock is already up 2.5% today.. but it will keep going.
    Last edited by PointBreak5: 10/11/15
    NCM Price at posting: $11.58 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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