If NEM breaks out of the megaphone, risk would be skewed towards upside of 72 (R1) and 76 (R2)
Current position: None (as already heavy in GDX)
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
2-month support established and confirmed multiple times in an uptrend corridor. Ascending Triangle formed within, just broken out.
- 6-month Uptrend and All-time High
- RSI + Stoch well above 50
- MACD below Signal.
Suggested Entry $69.50
Suggested Stop Loss $214.69
Target price $72.64
