Newmont Corporation (NEM)

[Newly2b]

So far today NEM's price is forming either a Dragonfly Dogi or a Hanging Man candle on the Daily; won't know which until the close but either one would be bearish but requiring confirmation from tomorrow's candle.

Monthly, Weekly, Daily RSI are all well into oversold territory but still pointing up, as are the 20 and 50 SMA's, but I personally put more weight on CCI than RSI as it seems to react faster to change, and on the Daily CCI is turning down while still pointing up on the longer timeframes, and CCI avg is flat to down in all three timeframes.

Might be at or near a top after a spectacular run these past few days. Must wait until tomorrow to see if we get confirmation of a change in trend.

Still, it has been a lovely run, and with the political instability at present as well as the impact of coronavirus the markets are showing uncertainty. Time will tell. . .

Newly