we have panic ...., page-51

Yes, that is the approach.

Could go down to fill the small gap between 24.50 and 24.63. Say 24.40.

NCM looks good on the weekly charts. A "tweezer" bottom was formed past 2 weeks - a bullish reversal pattern formed at the bottom of downtrends.

I'm betting, that this week's candle (on the weekly charts) will be a green candle. Note that it opened the week at 25.69. For it to end in a green candle for the week, it means NCM must close above 25.69 by end of Friday trading. If this is the case, then any weakness in price between today and Friday is a buying opportunity.

Weekly stochastics, RSI and MACD also are all showing a probability of higher prices in the weeks ahead.

Those who want to be bearish can go short.