- Price (once again) bounced off a prominent trend line going back to 2015
- Price broke the diagonal downtrend line a few days ago, suggesting a bullish sentiment.
- Being a gold and copper miner and the electrification movement globally needing more and ore Copper, I expect NCM to benefit
- Fundamentals of NCM stock are sound.
Trading plan: pyramid into the stock at $24.50 if we get the opportunity and confirmation of Price action.
This is a longer-term swing trade (3-6 months or longer) depending of course on the developments we see in the market.
- Price broke the diagonal downtrend line a few days ago, suggesting a bullish sentiment.
- Being a gold and copper miner and the electrification movement globally needing more and ore Copper, I expect NCM to benefit
- Fundamentals of NCM stock are sound.
Trading plan: pyramid into the stock at $24.50 if we get the opportunity and confirmation of Price action.
This is a longer-term swing trade (3-6 months or longer) depending of course on the developments we see in the market.
at the time of recording the stock is discounted 35%, not 40% - (40% was the low)
3min 40 seconds into the clip - I said lower high, I actually meant higher low... :zany_face: