Lets take a quick look at NEM to see what the market has been up to.
XEM has been in a clear down trend since the high at $2 and we are still getting rejected by the MA, keeping me bearish at this stage.
We have good buying pressure from 0.80c and I would expect strong support at 0.90c.
Buyers looking to speculate on the market longer term could do well to stack some orders inbetween 0.70c and $1.
Current restance is between $1.2 and $1.3 and we could see a nice little run if the bulls can push the prices past those levels.