Newmont: the decline slows, the double bottom still needs confirming

Newmont is in week 5 of a sell signal, and the picture from recent weeks has turned more nuanced. A double bottom has emerged on the daily chart in the 92 area, with an intermediate 22% rebound, but the weekly price action stays mixed: conflicting rejection candles and a distribution phase still underway. Short-term momentum stays negative, and the direction still needs confirming.