Sunday, October 14, 2012

NEM and RSI weekly chart follow up

Here's a weekly chart of NEM with the standard RSI 14 indicator plotted at the top.  Back on May 17th I posted this chart on this blog and showed how historically NEM has always put in a tradeable bounce/rally when the RSI 14 becomes oversold on the weekly chart.  As you can see this played out nicely, I hope some of you to took note!

Here's a link to my original post from back in May


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