NEM - Testing Support
- NEM has been trading in an ascending channel since bottoming in mid-March.
- Up move has slowed and is now testing the lower band again.
- If this holds, it will continue in the uptrend. Note that 50MA has been support as it tests the lower band as well.
- If it breaks to the downside, looking for it to break through support at $59 and test the $56.50 level.
Hoping this continues in the uptrend though :)
- Up move has slowed and is now testing the lower band again.
- If this holds, it will continue in the uptrend. Note that 50MA has been support as it tests the lower band as well.
- If it breaks to the downside, looking for it to break through support at $59 and test the $56.50 level.
Hoping this continues in the uptrend though :)
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