NTC - A bit lower first

We may derive the following from the Monthly NTC chart:

1. Price is still in a massive downtrend.

2. Price i.m.o should respect the monthly channel support.

3. I would wait for around ZAR 15 p/s before considering any buys.

4. NB: The trend is still down - so be cautious in buying.

5. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.