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Is NEM preparing to trend lower? Fell Below 50 Day Moving Average shows up after sliding 1.63%
NEM closed down 1.63% on Friday, October 31st, with volume running 0.8× below average. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 79.76, 78.56 & 77.31, with resistance at 82.21, 83.46 & 84.66.
Current SwingTradeBot Technical Rating of NEM: C
Don’t miss other key signals NEM triggered—view them now on SwingTradeBot.com.
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