NCM newcrest mining limited
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NCM/GOLD -> is the time now?

  1. PointBreak5
    1,194 Posts.
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    19/11/15
    12:43
    Post #: 16432067
    I called NCM to breakout above 1170 a week ago and we have obviously had a tough time with the GOLD price and stronger USD. We have had two attempts to knock it below 11 which has held nicely. Now I think we are setting up for a move higher with MACD about to turn positive along with a cross 50 day thru 200 day.

    I am staying with my long call and target of 1350-1400 by year end.

    Goodluck traders. ncm191115.PNG
    Last edited by PointBreak5: 19/11/15
    NCM Price at posting: $11.61 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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