##{"id":64382,"date":"2014-10-27T10:59:33","date_gmt":"2014-10-26T23:59:33","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2014\/10\/27\/emerging-sell-for-newcrest\/"},"modified":"2014-10-27T10:59:33","modified_gmt":"2014-10-26T23:59:33","slug":"emerging-sell-for-newcrest","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2014\/10\/27\/emerging-sell-for-newcrest\/","title":{"rendered":"Emerging Sell For Newcrest"},"content":{"rendered":"

By Nick Linton-Ffrost<\/p>\n

Emerging Sell<\/strong><\/p>\n

We suspect Newcrest Mining ((NCM)) will find a near term top around 10.20\/10.30 before another leg lower to 9.40.<\/p>\n

Our wave count view assumes the last two weeks trading is a 4th wave rally within a five wave decline from 11.50. We suspect the 4th wave is tracing out a minor “abc” count which has turned the odds in favour of a 5th wave move south to 9.40.<\/p>\n

Trading below 9.90\/10.00 should be enough to trigger a sell but really needs to occur within the next two days, while trading above 10.40 for more than 2 days negates our view.<\/p>\n

Trading tactics<\/strong><\/p>\n

Open shorts with a close below 9.90 or after two closes below 10.00. Place stops at 10.35 and look for a move to 9.40\/9.50.
\n <\/p>\n

$\"\"$ <\/p>\n

\nAnother trading idea from<\/strong><\/p>\n

Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a> <\/p>\n

FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27 years experience<\/strong>.<\/strong><\/p>\n

AFSL 319830 |<\/strong> Disclaimer<\/strong><\/a><\/p>\n

Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/p>\n

Technical limitations <\/strong><\/em><\/p>\n

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.<\/strong><\/em><\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"