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Pokethebear
18 de Set de 2018 19:14

NCI Constructively forming handle base at 15.75 after 6-7w cup Viés de alta

Descrição

NCS
NCI is a near 2B business, which just merged with Ply Gem Corp. also 2B business forming larger construction and engineered products business
* Forming handle in likely break from Fibretrace 0.786 at $15.75 to $17.00 indicating break-out
* Drop to 14.10 not likely as relative strength and sales growth in construction and housing products after Hurricane Florence
* Fibretracement to 0.612 and 0.5 is 8 and 13% gain, however construction stocks grow on calender until Jan-Feb.
* Cup & handle formed once return to retrace 0.612 of $17.00 handle will be formed and NCS will jump to 18.75, 19.80 (+25%), 21.55 or 23 range nearing 52w high (23.35) based on typical resistance zones.
* Hurricane Florence will inpact Q3-4 sales. August earnings were 0.07 suprise at 0.54 from 0.47 expectations.
* No dividend and slight selling with insiders. Looking for 20% target here with handle form, and 25% entry now.
HDLOW

Ordem cancelada

Handle never formed for upward movement.
Comentários
Adamnary
Nice chart
Pokethebear
@Adamnry, Thanks
@MarxBabu for longbuylongsell chart access, permission only. Add MACD, add RSI. I also like CCI for entry/exit, but part of the game is to make it don't lose it.
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