The Newmont share (NEM) Daily Diagram Technical Analysis Training shows the following:
The NEM has made a sharply uptrend development above the KUMO cloud last 3 days breaching the downtrend channel (the handle of the cup). The weekly diagram is bullish and monthly too.
So the first think in mind is that NEM has tested again the 25.90 and today is a critical day if it can breaches this level it or not. MACD is marginally bullish & RSI =57.
We have no special candlestick pattern. The share is above all the Ichimoku key indexes.
There is a cup with handle. The fib shows the target levels.
If the Share today breaches the 25.90 then the cup with handle pattern will begin towards to 28.15. first. If it does not breaches the resistance then some consolidations around the 25.04 will take places. Newmont & XAUUSD are together.
The NEM has made a sharply uptrend development above the KUMO cloud last 3 days breaching the downtrend channel (the handle of the cup). The weekly diagram is bullish and monthly too.
So the first think in mind is that NEM has tested again the 25.90 and today is a critical day if it can breaches this level it or not. MACD is marginally bullish & RSI =57.
We have no special candlestick pattern. The share is above all the Ichimoku key indexes.
There is a cup with handle. The fib shows the target levels.
If the Share today breaches the 25.90 then the cup with handle pattern will begin towards to 28.15. first. If it does not breaches the resistance then some consolidations around the 25.04 will take places. Newmont & XAUUSD are together.
