Presenting 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.
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.
Comment:
Daily Candle closed bearish but still above Support $26.00.
Comment:
Comment:
NCM is consolidating in the Box since the 20th of November, since almost two months now, but my stance and analysis on this is the same. We have not seen a break lower yet, and we have not even seen a break above the consolidation box with High Volume. If price breaks upside and closes above $28.30 level coupled with High Volume, then I will take a buy position. The second scenario is to wait for price to head lower to $21.50 level, where we may get a good Buying Opportunity.