NEM potential buying opportunity
Positives:
- After the impulse, did a perfect retrace to the 0.5 fib and found support.
- Gave a buy signal earlier in March when the 200MA held.
- Seems to be finding support above the 50MA at the moment.
What to wait for/when buy:
- Breaking above the daily cloud.
- Retesting the blue upward trendline and reacting positively.
When invalidated (for now):
- If doesnt manage to break/stay above the daily cloud.
- And/or if the blue trendline gets broken.
- After the impulse, did a perfect retrace to the 0.5 fib and found support.
- Gave a buy signal earlier in March when the 200MA held.
- Seems to be finding support above the 50MA at the moment.
What to wait for/when buy:
- Breaking above the daily cloud.
- Retesting the blue upward trendline and reacting positively.
When invalidated (for now):
- If doesnt manage to break/stay above the daily cloud.
- And/or if the blue trendline gets broken.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.