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2 pts

Opinion on  Newmont Mining Corp (NEM)     Sector: Basic Materials  >  Industry: Gold & Silver
NEM ascending triangle breakdown confirmed

Jan 05, 2007 09:42 PM UTC
Diego
Return Risk
+74.54% HIGH
Associate

Technical Analysis  

It looks like NEM couldn't break through the nearest resistance at 48. It turned back and broke near 44 support. An ascending triangle breakdown was finally confirmed. A little late but going short here.


Newbie-trader-nem-daily-ascending-triangle-breakdown


NEM:  This call was made on 01/05/07 @ $43.65
Rating:   Negative   $43.65 (01/05/07)
Gain/Loss:   +49.32% in 686 days
Target:   $40.00 (-8.36%) in One month


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Who voted on this idea?
Weiting Liu 37% 01/06/2007



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