NCI is a near $2B business, which just merged with Ply Gem Corp. also $2B business forming larger construction and engineered products business
* Forming handle in likely break from Fibretrace 0.786 at $15.75 to $17.00 indicating break-out
* Drop to 14.10 not likely as relative strength and sales growth in construction and housing products after Hurricane ...
NCS completed an inverted head and shoulders in pre-market. going long for price target of 17.30.
price may pull back and form additional right shoulder, (peep the RSI) for a target of around 19.35, but we'll cross that bridge when we get to it fam.
this is a risky trade, stop loss accordingly.
Price has now approached a strong resistance zone and is showing signs of stalling and i see the short opportunity here. I have entered according to the 4hr charts but will wait for the blue diagonal support line to be broken to add more positions.
1. Strong Resistance
2. RSI divergence
3. MACD4C divergence
4. 10 MA crossover
TP1 @ 250 pips
TP2 @ 450 pips
NCS forming a bear flag. Money-flow has huge divergence, and it also has a significant amount of insider selling.
We think if it can break below 14.63 it will break to 12.30 area
You can check our updated analysis on NCS in the trading room/ Executive summery link here-
Time Span: 16:00"
Trade Status: Pending