Seems to be caught in this channel around the Gann 50% ATH mark. Funny this one, it is forming a pennant on the monthly which is said to be strong, however I must confess this neither here or there to me.
We Have been making higher highs and higher lows since July 21 2017 which is positive. Also in order to keep with that trend we would need to break the $23.55 level, if that happens our next stop i feel is $25.50.
However it has taken such consolidation at these levels that a break to the upside just may see it push through that with momentum after being held so much. Obviously a fail and its back we go. However we are making great profits and as mentioned above by products are making headway also, so it would seem as gold is creeping higher, so too would NCM, but hey what would I know, the market sees things differently than I.
All the best too all.
NCM Price at posting:
$23.16 Sentiment: None Disclosure: Held
