Not surprised at all....some think 9.05 hold and they defended that line in the belief history will repeat itself as the last time NCM hit that level it rebounded to 14.
This time lots of things are different.....so not sure if this beast will rebound back strongly to 14 but some took a punt. Gold looks very weak and for them to sell asset to collect 200K shows things are a bit more desperate.
Would be very possible that 9 breaks in a few days.
Cheers,
NCM Price at posting:
$9.16 Sentiment: None Disclosure: Held
