Newmont Basing For Reversal

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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Shining Metal Play Part 2

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.

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