GREY:NTTCF - Post by User
Comment by
AuntiePenny2on Jan 20, 2021 11:08pm
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Post# 32341913
RE:RE:Terrible action..
RE:RE:Terrible action..Arbutus22 wrote: Same action a month ago when sp popped 30% from 90s to 1.30, then dropped to just over a buck before settling between 1.17-1.30 for weeks. Imo, pullback from yesterday was expected. My crystal ball: next few days will establish a new floor between 1.30-1.50. But NC is definitely early innings and a long term play on the crypto theme. I'm not a trader; holding out for many more good days to come.
I am an active trader (1000+ trades/year) and I find this one especially hard to trade. I was up a couple of $k on NC until yesterday but have given most of it back now. Very unpredictable. It breaks the TA rules as often as it follows them. Opening at 1.52 today after closing powerfully on the high at 1.75 on a big gap-up day is unusual. If you look at the 2-yr chart you'll find multiple examples of this sort of disconnect between a day's action and the previous day's action. Very hard to 2nd guess. When we least expect it it will explode through $2 and beyond. I'm a charts guy rather than a DD guy but from the little I know about NC it seems quite underpriced here. GL