hands up those <b>not</b> short ...

  1. 5,816 Posts.
    Hmmm... NCP's recent stella >45% performance has seen mega green for the faithful.

    "Wot goeth up cometh back down " ... Isaac Newton(?)

    In recent times, the $12.28 level ... Fib(50%) has been a focal point for traders signalling major movements and whilst moving strongly thru this level, stalled short of Fib(61.8%).

    The RSI has triggered repeatedly in overbought territory confirming the next negative trend.

    More importantly, NCP has broken the major trendline for the third day and which is further confirmation for those already SHORT ...

    Current level has seen previous support so ... tight stops.

    Chart looks like this ...


    Cheers...


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









 
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