Traders are watching this Diamond on NEM. Inspect the chart now.
Indecision. Widening then narrowing range.
Technical analysis of Newmont (NEM) reveals a significant setup. The stock is trading at $103.79, down 1.78% on the day. The primary technical feature is a Diamond formation. The trend indicator is reading 14.4/100, suggesting moderate momentum. A potential breakout level is identified at $92.02, targeting $63.06 with support near $106.5 (R:R 2.0).
What is your outlook on NEM?