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 bearish trend was from 65.77 $ (1/12/2012) to 59.92 $ (1/24/2012) a 5.85 $ move 2- The current bullish trend started from 59.92 $ at 1/24/2012 and is currently trading at 62.47 $.
3- NMC.TO current support level is at 62.15 which is the 38.20 % fibonacci retracement of the last 5.85 $ move.
4- NMC.TO current resistance level is at 62.84 which is the 50.00 % fibonacci retracement of the last 5.85 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
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: 65.770 and 70.480, and is currently resisting at 63.079.
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 65.770 and 70.480, and is currently resisting at 63.079.
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) Long term stock chart patterns for internet stock trading :

8- The Stock traded in a bullish stock channel identifed by support at 62.170 and 50.260,resistance between 72.960 and 69.130 which was broken down at 66.680.

Stock Trading Conclusion:
NEWMONT MNG CDA EXCHANGABLE SHS (NMC.TO) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 62.84, 63.08, 63.54, 65.77, 67.36, 69.39, 72.52.
Stock Support levels : 62.15, 61.87, 61.50, 61.30, 61.19, 60.89, 59.92,.