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duco1
Jul 6, 2020 3:39 PM

NEM potential buying opportunity 

Newmont CorporationNYSE

Description

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.

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