At the pointy end of the action and building for the move higher

Potential Buy Entry Alert NCM

Time Frame : Weekly

Key Stats : $16.25 Billion Market Cap, Div Yield 0.91% and PE Ratio of 60.3, VWAP 21.124.

Company Overview : Newcrest Mining Limited (NCM) is a gold producer with its portfolio located in Australia, the Pacific region, Asia and Africa. Newcrest has interests in six production provinces in four countries and a portfolio of brown and greenfield exploration projects. Group Mineral Resources are estimated at 140Moz Au, 20Mt Cu and 130Moz Ag, and reserves are 75Moz Au, 11Mt Cu and 74Moz Ag.

 

NCM – Newcrest Mining Limited

NCM has spent a long time putting in the ground work for a move up and we see price is now at the pointy end of the action. We see buyers supporting price above the 20.00 zone so we will be watching for a kick higher followed by a higher low for confirmation that we are on the right side of the action.

 

Stock Code : NCM – Newcrest Mining Limited

Company Website : www.newcrest.com.au

Current Price : 21.235

Status : On watch for buy entry trigger