NCM 0.16% $24.66 newcrest mining limited

a jumbo of a take off:- 7-4-7

  1. 753 Posts.
    Now that the stock proved me wrong by closing above $7.10 albeit for just one day, it is under presure to keep on closing above this level.

    The next target NCM must take out is $7.47.

    This is the level NCM needs to quickly take out becasue if it struggles below or at about $7.10 then it would be under pressure to correct back down to about $6.80.

    Failure here by trading and especially closing below $6.54 would sent the stock a lot lower then most people would expect. To be specific NCM can trade below $5.50 and as low as about $4.70 and even lower.

    In the meantime the stock did manage to close above $7.10 and therefore commands respect.

    The owners of this stock would not want this to be simply a one day wonder.

    Arhidas was wrong even if it turns out to be a one day wonder ... Next week is just another week.

    Neither short or long the stock.
    Hope the comments help someone out there
watchlist Created with Sketch. Add NCM (ASX) to my watchlist
(20min delay)
Mkt cap ! $20.13B
Open High Low Value Volume
$24.44 $24.78 $24.35 $20.99M 852.3K

Buyers (Bids)

No. Vol. Price($)
1 54 $24.65

Sellers (Offers)

Price($) Vol. No.
$24.66 1014 14
View Market Depth
Last trade - 14.02pm 19/10/2021 (20 minute delay) ?
0.040 ( 0.22 %)
Open High Low Volume
$24.41 $24.78 $24.35 123498
Last updated 14.21pm 19/10/2021 (live) ?
NCM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.