marketfellow

2022 Actual Trade NEM +39% Profits

NYSE:NEM   Newmont Corporation
- solid 3-month rectangle pattern at basement level 53-59 during September-December 2021
- notice 12/16/2021 NEM got a upside momemtum to 59 level that was the entry point
- there were few pullbacks to test 59 as the support in January 2022 but it bounced up quickly
- Rally occurred for NEWM during February-March when Russia-Ukraine war started
- It is a straight-up rally after January for the +39% in a few months
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