NEM - Testing Support
- NEM has been trading in an ascending channel since bottoming in mid-March.
- Up move has slowed and is now testing the lower band again.
- If this holds, it will continue in the uptrend. Note that 50MA has been support as it tests the lower band as well.
- If it breaks to the downside, looking for it to break through support at $59 and test the $56.50 level.
Hoping this continues in the uptrend though :)
- Up move has slowed and is now testing the lower band again.
- If this holds, it will continue in the uptrend. Note that 50MA has been support as it tests the lower band as well.
- If it breaks to the downside, looking for it to break through support at $59 and test the $56.50 level.
Hoping this continues in the uptrend though :)
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.