NEM

NEM has achieved the goal of reduction and a strong support leve

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In the last review, we wrote about the idea of a short from $ 0.40 to $ 0.20.
NEM after that was able to climb as high as $ 0.50, and only after it rushed down towards the goal and support level at $ 0.20.
Support level at about $ 0.20 turned out to be really strong: last week the minimum was $ 0.22, and on this week it’s even higher, despite the increased volumes of trading.
The fall stopped, at least for now.
Therefore, we change the short-term recommendation to "Neutral"
Long-term recommendation "Sell" received a technical confirmation: MAcross on the weekly chart turned upside down.
Thus, in the near future a consolidation over $ 0.2 is the most likely picture
After that the rate will probably test the minimums and try to go down even further
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Penafian

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