Thursday's charts

I wanted to post a few charts before I took off for the day.

I mentioned earlier this week how I liked for hammers to close positive (green) - but it is hard to argue with an otherwise textbook hammer forming at support from the retracement zone and the rising 34MA. NEM was a nice "bread and butter" long set-up:




And, NMTI was similar to RELL yesterday:



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Tags:
Trader-X, Stocks, Fibonacci, NEM, NMTI, RELL