Head and shoulders on the daily which would project down to 30-32 area. From a value standpoint and a multi-year chart view such a retrace would be very normal. Could still go either way, but at a min, NEM needs to break daily downtrend line.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.