NEM--

nem stock dropped support pattern price momentum

$NEM dropped on Friday after breaking below its long-term support pattern, which had held since 2024. This break is significant because it marks a shift in price momentum. Bears are now in charge as price moves below both the 50 and 200 EMA lines, and the MACD crossing adds more bearish signals. With key support levels turning into resistance, there's little reason to open new long positions right now. Wait until price forms a new base or climbs back above resistance.
Community post image

Comments



No comments

No comments yet

Disclaimer: The above is a summary showing certain market information. Ainvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing, All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market.Report an Issue