Bare in mind this is a risky trade as NEM has been copping quite a bit of flak recently.
Apart from that, its actually looking like quite a good trade. Currently sitting on a very long uptrend.
Also sitting nicely on support, with hard support not to far down below. Starting to see a restricting pattern of price action.
Hoping to see a bounce to previous highs which will be roughly a 10-20% trade.
Apart from that, its actually looking like quite a good trade. Currently sitting on a very long uptrend.
Also sitting nicely on support, with hard support not to far down below. Starting to see a restricting pattern of price action.
Hoping to see a bounce to previous highs which will be roughly a 10-20% trade.
Trade active:
First take profit of 5% has been hit, still in the trade and will continue to follow.
Trade closed: stop reached:
Stopped out after taking out first profit, due to the market completely crapping its pants and most assets dropping 5-15%. Goes to show why stops are so important, we came out the slightest bit on top still.