NCM – Newcrest Mining Ltd

These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice: Terms of use

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Code:

Company Name:

Sector:

Size:

Confirmed Trend:
 

NCM

  

Newcrest Mining Ltd

  

Materials

  

ASX Top 50

                   

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Commentary:

Newcrest Mining was kindly brought to my attention by Colin (thanks Colin) – it has just broken below the up trend line.  At the same time, it has also made a Dow Theory Exit, confirming the down trend according to Trend Line theory and Dow Theory.   

The down trend would be considered wrong if the market was to close above $39.80: the previous 12 month high.  

Click the chart below to enlarge:

 

Previous Trend Changes:

Nil

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January 26, 2010  Tags:   Posted in: Research On Australian Stock Trends

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