NCM is looking weak with the structure that could see price falling

NCM – Newsrest Mining Limited

Stock : NCM – Newsrest Mining Limited

Current Price : 21.00

Status : Watching for lower highs

NCM is looking weak after breaking below the 20.50 zone and building a potential lower high at 22.20. We are now watching for sellers to push price down and the a lower high to build for a potential sell entry setup. From there price should fall away down to 16.50 and beyond.