Potential outside week and bullish potential for NEM

15 Jun

Entry conditions:
(i) higher share price for NEM above the level of the potential outside week noted on 13th June (i.e.: above the level of $88.35).

Stop loss for the trade would be:
(i) below the low of the outside week on 11th June (i.e.: below $80.70), should the trade activate.

21 Jun

Nota

UPDATE (week ending 20-Jun): Although an outside week did infact form for NEM this week, the gap-up on Monday occurred to an extreme open, which goes against personal rules of entry into trades. Other opportunities to enter the trade did present themselves throughout the week (looking in retrospect), however I'll step back from this and not 'lay claim' to an optimal entry point. All of the best to any traders/investors who have been able to take advantage of the trade plan set out above. Coverage ceased.