NEWMONT MNG CDA EXCHANGABLE SHS (Toronto: NMC.TO) (TSE:NMC) Stock Research Trends Targets and Technical Analysis - TSX toronto stock exchange [en]

Today we will analyze the stock NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) for internet stock trading in the TO stock market,
Stock Technical indicators to notice in NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO)
1- Last bullish trend was from 48.88 $ (2/24/2010) to 53.54 $ (3/3/2010) a 4.66 $ move 2- The current bearish trend started from 53.54 $ at 3/3/2010 and is currently trading at 51.71 $. 3- NMC.TO current support level is at 51.21 which is the 50.00 % fibonacci retracement of the last 4.66 $ move.
4- NMC.TO current resistance level is at 51.76 which is the 38.20 % fibonacci retracement of the last 4.66 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 48.880 and 47.000, and is currently supporting at 50.471.
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: 45.930 and 44.650, and is currently supporting at 46.490.
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: 45.930 and 44.650, and is currently supporting at 46.490.

Stock Trading Conclusion:
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 51.76, 52.14, 52.41, 52.44, 52.63, 52.84, 53.54,.
Stock Support levels : 51.21, 50.66, 50.47, 48.88, 47.61, 46.49,.