Posted: April 23, 2014 Filed under: 200 Moving Average, Basing pattern, H&S Bottom | Tags: $NEM, Newmont Mining
Newmont mining (NEM) has been in the news lately on M&A rumors. Looking at the stock reveals a 5 months Head & Shoulders bottom. Interesting the neckline intersects with NEM 200MA. A breakout should be significant with an implied target of $31.80. Note that NEM reports earnings tomorrow Apr 24th.
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Posted: February 20, 2014 Filed under: Basing pattern, Double Bottom | Tags: $GSS, GLD, gold, Golden Start Resources
This is a follow up post to Shining Metal Play Golden Star Resources (GSS) has reached its implied small double bottom target and is now seeing some profit taking. An 8 months rounding or saucer-like pattern is now in play. Neck line is at 0.85 and implied target is $1.25.