One of my favourite patters with perfect waves.
Bought in this stock 4 tranches on every 200ma touch.
Delayed news already priced in and plenty of sticky holders.
Massive project in Mozambique to supply a 300mw of power.
Government on board and awaiting final go ahead timetable.
Broken symmetrical triangle &a retested breakout area.
Powerfully sat at the pivot level now with all R levels visible within trading range on a near term basis IMO.
Company released good news re project & more to come.
Always let the price come to you.
Been keen in NCCL for a while now but I don't buy at the top or with no potential buying pattern opportunity regardless of the fundamentals of the company.
I had that buy area before placing RNS arrived. Going to wait for it to settle and go in when time is right.
A quick EW count with similar target to my previous chart . I've used the 15m chart as this is what i use to day trade and pick entries/exits on aim. expecting a pull back tomorrow before we start wave 3
i'm not and EW expert as you might be able to tell
THE GAME IS ON FOR NCCL, A HUGE DEAL IN THE MAKING COULD BE THE BIGGEST ON AIM. WE'RE ABOVE THE MA'S AND BROKEN OUT OF SMALL PENNANT. WE HAVE STRONG RESISTANCE AT 6.5 AND 8P BUT CLEAR THOSE WE COULD HIT 18P AND MY TOP TARGET OF 23P. GOOD LUCK.
I've had to plot this on a log scale as the history is much higher than the present.
It's broken the weekly 200MA and what looks like a multi-year inverse head and shoulders.
I wouldn't rule out an extremely sharp movement upwards now these are broken, else it's a good entry for a trend following strategy.