NCP - more falls imminent, so is a bounce..

  1. 2,154 Posts.
    I just covered my NCP shorts - I have a sneaking suspicion NCP is being heavily accumulated or badly propped and badly disguised..
    This isn't evident on the charts yet, though volume is steadily declining. I'm looking for a 1 or 2 day bounce then re-entry into shorts.. well, lets see..
    On another note BHP is creating a reversal doji with todays data on the daily chart and WPL is creating a reversing piercing line - both japanese candlestick reversals and exhaustion patterns.. Worth keeping a close eye on both.

    Cheers
 
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