Long

NC Long (CAUTION)

This is an extremely volatile stock that has previously been suspended for months whilst under the investigation of Canadian regulatory agencies (April to August of 2018). I think it goes without saying that this is some kind of manipulated pump-and-dump shell company given its horrid fundamentals. With that said, this stock could potentially be gearing up for a rapacious move to the upside that will be measuring along with its previous jumps. NC is currently coming off support while at the same time locked in a bullish falling wedge on positive divergences. We still need more follow through to show we are in a new phase of serious upward momentum, such as breaking through 0.635 and out of the wedge pattern. With that said, if you were to go long now, a recommended stop would be at 0.46. Make sure to use a very small position size for this one - things can get rocky.
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