NCM Buy Alert closed at 22.23 after Stop Loss Triggered at 22.50

NCM Buy Alert Closed at the Stop Loss Level of 22.50

Alert Now Closed at 22.23

 

Previous Alert 5/9/17

Stock : NCM – Newcrest Mining Limited

Current Price : 23.32

Previous Buy Entry (Trigger Level) : 22.20

New Sell Exit Zone (Stop Loss) : 22.50

Potential 50% Partial Exit Zone (Target) : 24.90

Status : On watch for continuation higher

NCM has been grinding higher and looking strong on the longer term weekly chart. We are now happy to lock in a small gain and give the price action some room to move as it heads up to resistance and a potential partial exit around 24.90.

 

ORIGINAL ALERT 22/8/17

Stock : NCM – Newcrest Mining Limited

Current Price : 21.85

New Buy Entry (Trigger Level) : 22.20

Potential Sell Exit Zone (Stop Loss) : 21.15

Status : On watch for entry trigger

NCM is holding highs and setting to punch up through to highs. We are now happy to buy at 22.20 for a continuation trade and hold the risk below the higher low at 21.15. If price pushes below 21.20 prior to entry then we will re-assess the price action.