$NCM bearflag made measured move now.. let's seeNCM $GOLD made MM from bearflag... now let's see.
It's now at the bottom of a MUCH bigger bearflag - making her mind up. If it slips, I'll be outsies
Fkn $gold ey!
NCM
NCM - Bullish Trade PlanNCM - After breaking its uptrend, it has pulled back to its Fibonacci 61.8% zone and is showing good support. I will be watching price action at the current levels to see if it shows bullish price action to get long for a target of $28.00 and above (potential gain of 10%), and a tight stop below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NCM - Buying Opportunity!NCM broke out convincingly out of the Bearish Trendline indicating that the Bearish Trend might have been over. Since price moved out strongly to the upside, it seems it has found resistance and heading lower for a pullback. The current pullback could provide a good buying opportunity for us. I have marked a buy Zone ranging between $25.00 and $26.00, which is a Fib retracement range of 50% and 61.8%. If price manages to reach my buying zone, I would take a long position after bullish price action.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LONG NCMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Presenting good buying opportunity at 27.00 rangePresenting 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.
Wait for Ultimate buying opportunity at $20.50 rangeLooks like it is still in pressure, making lower lows and making lower highs, continuing it's down trend.
Next support is around $25.08 range, if breaks then $21.50 is pretty storng support, presenting good buying opportunity.
If this scenario realizes then followign should be Take Profits:
1. TP-1: $25.00 ~ (20% profit approximately)
2. TP-2: $29.90 ~ (19% profit approximately)
3. TP-3: $31.70 ~ (5% profit approximately)
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
LONG NCMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Go Long Newcrest Mining. $NCMWe broke out of the downtrend today, I do think the price will fall in the next few days (profit taking) and then continue to go higher.
Why?
Because Newcrest is forming a very nice inverse head and shoulder pattern.
Technical indicators such as moving averages, MACD, RSI, and DMI are looking good and on the bull's side.
Furthermore, Silver and Gold prices are likely to continue going higher in the short-medium term because of central banks' actions.
I am holding this stock and will look to buy more for the short-medium term.
NCM targeting all time high and the 2.618 fib levelNCM looking golden. Shorts around all time high resistance and longs at overall support level.
NCM Kissing the 1.618 fib levelHey guys its bokchoininja here bringing you another analysis. This time we're doing NCM. Newcrest mining looks about to break out of resistance unless we see a pull back by tomorrow when the action starts. Newcrest is looking poised to hit the 2.618 if we do break above the resistance zone. If we just kiss the 1.618 we are looking to fall down to the love heart box at the 0.618 level. Check out aweeboneshTV on youtube for more content!
Newcrest Mining - Top Goldproducer No. 1As the coming days / weeks more and more attention will be paid to gold and silver, I start to introduce some producers.
Newcrest Mining is one of Australia's and World major gold producers.
With an All-In Sustaining Cost (AISC) of $ 738 / ounce of gold, the company is also among the most effictive gold-producing global players.
In Australia, it is produced by far the "cheapest" gold open pit with $ 147 AICS in Q.1 2019 - Cadia.
The other mine is Telfer with high AISC of $ 1,148 per ounce.
Papua New Guinea is producing $ 849 AICS at the Lihir Mine.
In Indonesia, the cost of Gosowong Mine is over $ 1,105 per ounce.
There are investments to Lundin Gold (27%) and Imperial Metals (70%).
Exploration is active in several countries: Australia, Papua New Guinea, USA, Argentina, Chile and Ecuador.
If the gold price on monthly closes price above $ 1,380, Newcrest Mining has one of the most prolific gold producers in the world, especially as the $ 1 billion debt is ridiculously low and could be immediately paid off with cash.
The dividend is now not high but at least $ 0.15 and typically between 10-30% of the free cash flow earned annually.
Greetings from Hannover
Stefan Bode
NCM: Looking for a test of the top bound +20% upsideI have been struggling to find longs in this market but NCM is an Oz puppy I like to trade as a gold proxy. It is gappy, it is volatile and it will pop with gold. Stock has been trading in a nice channel for about 15 months with the lower range at c$20 and top range at c.$24. 240M MACD crossing over and stock is trading just around the bottom of the range. What do you buy when the world is burning around you? Good old gold.
