NCEN..will be on tomorrow's watch list i'll be charting it and sending it out tonight with another 4 or 5 favorites. Another of my favorite strategies BEFORE the reversal. I've been watching NCEN basing and basing in a rather lengthy consolidation after the 20 ma proved to be too strong a overhead resistance to make it through. Today NCEN broke through perfectly and is now locked into a "battle" with 29.25, the 50 day move from there we might see NCEN retest 26.75 through 28 and higher. I can't trade any of these companies without a rational "plan" and "map" charting their patterns of support/breakout because they might just break and I'd enter on the highs which I almost never do.
At this point NCEN was a potential breakout play that did indeed breakout with a very strong CCI spike high as well. NCEN is one to watch if this breakout is to turn into a COT (change of trend) It should be mentioned that COT's near the lows are never as consistantly dependable as those near the highs (best are those that are already in short or medium term uptrends and are just 'correcting healthily" That is why I didn't both to put NCEN on today's watch list figuring I'd like more of a confirmation tomorrow.