Stock Technical indicators to notice in NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO)
1- Last bearish trend was from 64.20 $ (7/9/2010) to 56.96 $ (8/3/2010) a 7.24 $ move 2- The current bullish trend started from 56.96 $ at 8/3/2010 and is currently trading at 63.55 $.
4- NMC.TO current resistance level is at 64.20 which is the 100.00 % fibonacci retracement of the last 7.24 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 64.200 and 65.880 that was broken up at 59.000 transforming into a supporting line.
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 56.960 and 55.060, and is currently supporting at 57.774.
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 56.960 and 45.930, and is currently supporting at 58.784.
Stock Trading Conclusion:
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 64.20, 66.17, 68.67.
Stock Support levels : 61.99, 61.43, 61.03, 60.58, 60.25, 59.73, 59.48, 58.78, 58.67, 57.77, 56.96,.