NEM......(Base building?)

[MARKETWAVES]

DTM ...... i have been a little busy .... sorry I havent looked at the US DOLLAR ALL WEEK...
will be getting back to you shortly .....

I was looking for some thing to enter into the stock tipping competition that has the right foundation built in it... unfotunately I dont have acces to very much Australian stock data and charts .. and basically I dont really care for stocks and watch very few of them because they move 4% to 10 % WHEN when I'm right .. the inrcraments are small it seems .. I basically watch everything ecxcept stocks , but I do watch the various indexes .....

I am entering this one in the competition heres why ,,,, it appears to be building a base ..... a base of support ... always I am looking for an entry before a percieved break out ....




TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliott Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

 

[DTM]

Re: NEM...... ( Base building ? )

Nice pick. Look at the price squeeze. Pressures building with a penant forming and moving averages all squashed in. Monthly charts show that its already moving up so looks like you picked a good one. Funny how it tracks the AUD very closely.

 

[MARKETWAVES]

Re: NEM...... ( Base building ? )

The results are in .....

I enterd this in the stock tipping competition last month ......

POWER of MULTIPLE SUPPORT AND BASE BUILDING AT WORK ....

 

[MARKETWAVES]

Re: NEM...... ( Base building ? )

RESULT PAGE .....