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NEM potential buy setup

Long
Newmont Corporation (BATS:NEM)  
TradeWithParas Updated   
BATS:NEM   Newmont Corporation
Support and Resistance Parallel Channel NEM newmont stockpicks stocktrading nyse
6
1
supportandresistance parallelchannel nem newmont stockpicks stocktrading nyse
Reasons for bullish bias:
- Price is at near weekly support
- Price is at channel support
- Bullish divergence
- Positive earnings results

Entry Level(CMP): 29.80
Stop Loss Level: 28.72
Take Profit Level 1: 33.11
Take Profit Level 2: Open
Trade active:
TP1 hit
Comment:
Price is at channel resistance, some profits can be booked here as well
Comment:
Price gave channel breakout. Trailing SL to 36.41
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