NRCP

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NRCP = 3.65 (0%)

NRCP is being controlled by to bulls to test a previous gap down.

Support: 32MA
Resistance: 3.65, 3.7 - lower limit of gap down; 65MA



Note an aggressive supply line with NRCP that will most likely be crossed or broken by the recent rally as confirmed by the MACD wherein the fast line is above the slow line. Also of note is that the faster line is above the zero line for 2 days.

It is a concern however that if NRCP is merely in a consolidation then stochastic is pointing out an overbought level (86). RSI is benign at 57.

Good luck to all NRCP traders :)

Disclosure: 1/4 of my portfolio is technically inside NRCP since it was placed as one of the top picks of my broker with a possible Target Price of 5.1

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