Newmont Corporation
Updated
Chart pattern: Bull flag
Entry: 65.78$ (this would end the downtrend which is active since the beginning of August 2020)
Stop: 54.18$
Target: 93.354
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2.3:1
Description: Since August 2020 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impusliv move. Additionally, the MACD is also confirming the change in trend.
Ordersize: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 570$.
Entry: 65.78$ (this would end the downtrend which is active since the beginning of August 2020)
Stop: 54.18$
Target: 93.354
Stopmanagement: ATR Stops weekly chart default settings
Risk:Reward-Ratio: > 2.3:1
Description: Since August 2020 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impusliv move. Additionally, the MACD is also confirming the change in trend.
Ordersize: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 570$.
Note
Stopmanagement: 56.50$Note
Stopmanagement: 60$
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.