Traders are watching this Broadening Formation on NEM. Inspect the chart now.
Expanding volatility. Sign of instability.
Gradual reversal from bearish to bullish.
Technical analysis of Newmont (NEM) reveals a significant setup. With a last close of $119.3, volatility remains active (2.4%). The primary technical feature is a Rounding Bottom formation. This setup is supported by average volume turnover. A potential breakout level is identified at $122.0, targeting $149.66 with support near $108.17 (R:R 2.0).
What is your outlook on NEM?