$NCM - NEWCREST MINING - Punching through resistance

Newcrest is performing well and has defeated 3 large resistance points. Needs to consolidate above this latest 3rd one for a while though to be sure.

Too close to earnings to buy in now and lack of volume isnt overly encouraging. One to watch for sure though.

Note

Had a great 50% run up to just under $40 before gold lost favour and a big downward trend kicked in. Gold has been back in favour lately and especially with the US / IRAN dispute so could be worth a watch again.

Note

Back up again at old resistance areas but failed to break through.

zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: