ASX stock Analysis NCM

ASX stock Analysis NCM

Time Frame : Daily Chart

Watching for Buy Entry Setup

NCM has held a key low at 23.30 above the March 2020 lows around 21.00 as buyers start the move up. We expect that Spot Gold will get some more interest if price can hold a higher low above 1700 so expect that Gold stocks will start to provide opportunities. Watching Newcrest now for price to pullback to the MAs and hold a higher low for a move up to and through the 28.20 level.

Stock : ASX stock NCM

Current Price : 26.20

Status : On watch for a move above 28.20