ASX:NCM strong bearish breakout
ASX200 Index is at critical resistance
The Australian Index continues to edge to the upside as China's economy returns to growth, increasing trade with the Asian region that is key to Australia's export market.
This stock was once a "Fallen Angel " and as you will see it has been resurrected. The stock has demonstrated the ability to break above long term Resistance as it has recently done so and traders took profits allowing it to fall back to the "Safe Spot" circa 30 cents only to be repurchased once again. For those understanding Wave Analysis, it can be argued a ...
I was looking at this stock before the market open and had a plan to short it, got in at $2.59 with a stop at $2.62 and got out at $2.52.
Just my thoughts on RMP. Might be worth a look. As always see what your own charting says. I'm just guessing :) If you see something different - please do comment. Bought today at 0.063 I see support at: 0.061 I set a falling sell at: 0.06 to trigger down to a worst case 0.058 sell. I'm long momentum trading so I don't set a profit target. I just wait until the...