NCM – Newcrest Mining Limited

Stock : NCM – Newcrest Mining Limited

Current Price : 23.50

Status : On the move higher, Watching for buy entry setup

NCM is showing some great signs of building a higher low for a push higher after rejection of 16.35. We are now watching the lower timeframe daily charts for contraction and evidence of higher lows and buyers jumping into the market. The key level now are 24.00 which, if broken, will see a move higher to and potentially through 30.00. If we see a move down through 20.70, we will re-assess the price action.