NEM - Post Earnings Decision
Earnings were strong on the top line (+43% YOY) and EPS (+14% YOY) but did not have much of a reaction. News may have been priced in already..
Price action to see the resolution of an ascending triangle which should be to the upside.
However, gold has been going sideways the last 3 days and a break lower will be drag NEM down. Let me know if you would like to see my updated gold analysis.
Price action to see the resolution of an ascending triangle which should be to the upside.
However, gold has been going sideways the last 3 days and a break lower will be drag NEM down. Let me know if you would like to see my updated gold analysis.
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