Newmont Corporation (NEM) Bearish Divergence
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A Reaction low formed after testing the Upper Bollinger Band and the (Resistance area of 19 September 2011) ,We then seen a Test of Support (Middle of Bollinger Band) and (Previous Local Resistance), found support there and
moved up to test the Upper Bollinger Band, exceeding the previous high but Rejecting the test of the upper Bollinger Band (Also being The High from 07 November 2011) causing a reaction low to find and test a (New Low)
moved up to test the Upper Bollinger Band, exceeding the previous high but Rejecting the test of the upper Bollinger Band (Also being The High from 07 November 2011) causing a reaction low to find and test a (New Low)
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Perfect M-Top IMO
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