alert for the bulls...

Hmmm... yesterday's price action saw an unexpected positive move.

The ADR's usual spoonfeeding of the market suggested $11.99 or so.

The Close at $12.22 might seem like a breakout and start of next positive rally ... exciting Bulls and those already LONG.

However, a look at the Volume for yesterday would suggest a lack of Sellers so today will be interesting.

Given a short session today ahead of Chrissy and wotnot, one would question an ENTRY anyway ...

ADR(NWS) USD27.27 at ratio 1:4 by $0.5660 = $12.05

As NCP has hit the $12.18 at Fib(50%) an ENTRY alert is signalled and needs to be CONFIRMED today to be valid.

NCP is just as likely to stall at this level as not ... 50/50

Updated chart looks like this ...


Cheers ...


This is only my view ... read the red stuff.