Our ALGO engine triggered a buy signal on NCM into yesterday’s ASX close at $20.04.
This “higher low” price pattern is referenced to the intra-day low of $19.33 on March 21st.
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NCM has now been added to our ASX Top 50 Model portfolio.
With Spot Gold prices pressing against key support near $1210.00, we would look to enter long for half an allocation now, and be prepared to add at lower levels.
Newcrest mining
