NEM: Trading the Range. We look to Sell at 58.49 (stop at 60.65)
Newmont Corporation - Short Term - We look to Sell at 58.49 (stop at 60.65)
Trading within the Channel formation. Price action has posted a Doji candle and signals a possible reversal of the recent trend. Price action has stalled at good resistance levels and currently trades just below here (60.00). Previous support located at 52.50. Offers ample risk/reward to sell at the market.
Our profit targets will be 52.58 and 50.50
Resistance: 60.00 / 62.00 / 65.00
Support: 52.50 / 50.00 / 45.00
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