NEM
Long

NEM getting ready to make the Jump at the dollar club!

Updated
NEM has seen a bullish trend since it has hit the market. We have a strong long trend outer line holding solid as well as the Inner trendline. In the current clear breakout, we are in the middle of a small retracement to the 786 levels. Expect either a clear breakout or a small ranging fight between bears and bulls both with optimistic results for Targets. Be careful about main pivots.
Trade active
We didn't get a proper Breakout for Option A, It seems we are looking at Option B scenario. SUpport seems to be holding at main pivot (0.35711756). Remain BULLISH for this week. But do not pull the trigger until a clean breakout of the 0.45 Mark. Looking good!
Trade closed: target reached
Sorry for the delay posting this, but I guessed you guys did close the trade at around $1 as explained. If you haven't take your profits now. If you took OPTION A or OPTION B you should at least cleared 100% of your trade.

Great JOB and WISE TRADING EVERYONE!
Chart PatternsTrend Analysis

Also on:

Disclaimer