Long
Presenting good buying opportunity at 27.00 range
Presenting good short term buying opportunity at current price range.
I think it is going to retrace upwards from current price that is $27.00.
this can give potentially around 15% profit at $31.24 range.
even if it comes down i can get good support at $26.00 range from where i can easily retrace upwards giving nearly 20% profit.
I think it is going to retrace upwards from current price that is $27.00.
this can give potentially around 15% profit at $31.24 range.
even if it comes down i can get good support at $26.00 range from where i can easily retrace upwards giving nearly 20% profit.
Note
Daily Candle closed bearish but still above Support $26.00.Note
Note
NCM is consolidating in the Box since the 20th of November, since almost two months now, but my stance and analysis on this is the same. We have not seen a break lower yet, and we have not even seen a break above the consolidation box with High Volume. If price breaks upside and closes above $28.30 level coupled with High Volume, then I will take a buy position. The second scenario is to wait for price to head lower to $21.50 level, where we may get a good Buying Opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.