Potential Sell Alert NCM

 

NCM – Newcrest Mining Limited

NCM is playing out as expected and gaped lower yesterday to increase the selling pressure on the buyers as sellers remain in control. We still see further weakness in price for a move down to the 19.20 level and potentially down to 16.50. Watching now for a lower high and potential sell entry setup.

 

Stock Code : NCM – Newcrest Mining Limited

Company Website : www.newcrest.com.au

Current Price : 20.21

Status : On watch for sell entry setup

 

 

Previous Alert 27/2/18

NCM – Newcrest Mining Limited

NCM has continued to find weakness since our last alert and looks primed for a stronger move down as sellers start to take control. Price continues to hold lower highs so we expect to see the selling continue to squeeze out the buyers. Watching now for a minor contraction and lower highs to hold for a sell entry setup.

 

Stock Code : NCM – Newcrest Mining Limited

Company Website : www.newcrest.com.au

Current Price : 21.71

Status : On watch for sell entry setup

 

 

Previous Alert 7/2/18

NCM – Newcrest Mining Limited

NCM is well and truly under pressure as we see price push lower today. The gold producer is not getting any loving from gold prices and looks set to break lower out of long term contraction. We are now on watch for confirmation that sellers are taking control and building a lower high for the entry setup.

 

Stock Code : NCM – Newcrest Mining Limited

Company Website : www.newcrest.com.au

Current Price : 21.79

Status : On watch for sell entry setup