NCM
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0.00% $23.35 newcrest mining limited

What a psycho stock. Very volatile moves. Looks like today is...

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    08/12/16
    12:03
    Post #: 21195059
    What a psycho stock. Very volatile moves.

    Looks like today is designed to shake people off before some kind of rally.

    Notice thatevery time the RSI on the USD Gold chart has dipped under the RSI oversold line and developed positive divergence coming out of it, it has coincided with some size of rally. We are in a similar position right now. Looks like a rally can be had up to the 50 day MA line. That's around 5-6% rally in gold. A potential rally may be just around the corner from here.

    GOLD RSI.jpg
    NCM Price at posting: $18.93 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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