Replies to post #14710 on General Stock Ideas

[christorres]

When observing the upward movement of the NMC stock starting from the 2nd quarter of 2012 till the ATH at 43.8, I can see that the stock experienced a correction of 61.8% and ended on 17.75 which is the strongest support level.

On the daily Oscillator, the ROC-7 is extremely on a ‘oversold level’. It looks difficult for the stock to continue to drop with all the strong support coming ahead .Stock price is already on an upward trend
I’d say start accumulating the same

[benjiv]

Interesting stock.
Company seems to have been trading at 4000 and now trading at 1800+ level. Could not find nay negative news. Seems like short sellers have been attacking the stock
FY 2018 numbers look pretty good
GS, Citi, HSBC, Barclays. JPM and berendberg, forecast the stock to be between 3600 to 4300 (Barclay 4100 to 4300)
It seems the stocks plummeted coz of :
•Short selling by AQR since Dec 2018
•AQR was joined by 3 other funds
I think it’s a good stock to hold and accumulate for a few years. Returns will gradually come

[samfer2607]

Thanks peeps. Appreciate your feedback.
I own quite a bit of this stock. Has given me decent returns in past few years. Plan to accumulate more of this in times to come. Ratios and data are screaming out a huge squeeze! Hoping for a spike soon

[vanclark221]

The CEO recently bought 75,000 shares in the company on the 30th May 2019 at a price of 2495.36p. The Director now holds 254,272 shares.


Source

[vanclark221]

The CEO recently bought 75,000 shares in the company on the 30th May 2019 at a price of 2495.36p. The Director now holds 254,272 shares.


Source

[vanclark221]

The CEO recently bought 75,000 shares in the company on the 30th May 2019 at a price of 2495.36p. The Director now holds 254,272 shares.

Link to Source

[benjiv]

Few Parameters that we can discuss to understand the investment of the stock.

1. Moving Averages - most basic/commonly used technical analysis tool. They are “trend following indicators” designed to filter out “noise” from price fluctuations. You can see that NMC is trading well below the 3 main moving average lines

2. Relative Strength Index - measures the momentum of a stock to determine whether it is overbought or oversold. The charts indicate that NMC is now oversold

3.Bollinger Bands – a measure of a stock’s volatility. The outer bands expand when the price fluctuates and gains volatility. From the charts, NMC is unsurprisingly showing up as exhibiting higher volatility which may be used as a signal to dissuade potential buyers.

4.Fibonacci Retracement - created by taking two extreme points (usually a major peak and trough) and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. The corresponding horizontal lines are drawn and used to identify possible support and resistance levels. When analysed on the charts that NMC has dropped below the <50% Fibonacci support levels.

[benjiv]

The stock is fundamentally strong and the company has already confirmed performance which is in line with the company goals.

[samfer2607]

The CEO recently bought 75,000 shares in the company on the 30th May 2019 at a price of 2495.36p. The Director now holds 254,272 shares.

[benjiv]

Logically the current price is lower than usual, thus making it a fair buy at this level. Given the change in charts, it’ll be a good investment.

[jasoncabot]

In my book the highest quality companies have high return on equity, despite low debt.

[jasoncabot]

It's the right to time buy their shares, @samfer2607. I'd suggest you to buy and hold for a while.