NNCL : Waking from hibernation

NNCL has been in hibernation for a while now, but there are signs it is waking up. Key resistance for the VTS is the 50 day SMA at 1.48, with a breakout here in the near term likely to see it rally to 1.55-1.58

First support is back at 1.44, and might be worth a buy and hold for a few weeks if there is another brief dip back to or just above 1.44. Alternatively, on the breakout at 1.48 if flows are solid, there should be a quick punt to 1.50-1.51


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: