week12 Newcrest Mining, on a downhill slide with huge bearflag

Met up with old army friends over the weekend and the topic of stocks came up. My friend shared that he was owning Newcrest Mining , #ASX and therefore I was curious about all stocks.


Looking at the 52weeks levels, I am taking that the current downfall might be good if it falls below 2014 Low , causing whatever is above to be a bulltrap.

week12 newcrest mining 52w levels 140315


on first glance it looked like a small accumulation pattern. However, to be more in aligned with dow theory of LH LL, I will seeing it as a bear flag.

week12 Newcrest mining w1 bearflag 140315

week12 newcrest mining  d1 Wr2B Dt alrdy completed 140315


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 )

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s