NEM Under-Valuation despite Close below Minor Support Trend Line

The price eventually went under the less support trend line, but the follow-up has not been impressive so far.

In fact, after dropping down, NEM found support at about $ 0.75 before reversal.

While doing that, do you notice the double beam reversed candlestick and a bullish candlestick under the bottom BB? Does this mean in the coming sessions? Yes, it actually does.

While NEM bears would be responsible if prices are below $ 0.75, our attention is shifting to the middle BB and the smaller resistance line as potential ceilings. I recommend patience at current levels because NEM is trying to find inventory.

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