Our system’s recommendation today is to SELL. The BEARISH THREE GAP UPS pattern finally received a confirmation because the prices crossed below the confirmation level which was at 18.7150, and our valid average selling price stands now at 18.6600. The previous BUY signal was issued on 10/02/2015, 6 days ago, when the stock price was 16.4600. Since then NEM has risen by +13.37%.
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL
signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...