1. Most Discussed
  2. Gainers & Losers

alert for the bulls...

  1. rembrandt

    5,816 Posts.

    Hmmm... yesterday's price action saw an unexpected positive move.

    The ADR's usual spoonfeeding of the market suggested $11.99 or so.

    The Close at $12.22 might seem like a breakout and start of next positive rally ... exciting Bulls and those already LONG.

    However, a look at the Volume for yesterday would suggest a lack of Sellers so today will be interesting.

    Given a short session today ahead of Chrissy and wotnot, one would question an ENTRY anyway ...

    ADR(NWS) USD27.27 at ratio 1:4 by $0.5660 = $12.05

    As NCP has hit the $12.18 at Fib(50%) an ENTRY alert is signalled and needs to be CONFIRMED today to be valid.

    NCP is just as likely to stall at this level as not ... 50/50

    Updated chart looks like this ...

    Cheers ...

    This is only my view ... read the red stuff.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.