NEM trade ideas
NEM Break Out Target YTD high 72-76If NEM breaks out of the megaphone, risk would be skewed towards upside of 72 (R1) and 76 (R2)
Current position: None (as already heavy in GDX)
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
Time to Go Long Gold AGAIN $GLD $NEM $WPMGDX and WPM are tracking close to each other.
NEM however is weaker.
So, I am hoping to build a position for a Long trade AGAIN in the Pullback. This time it will be for a longer duration.
NEWMONT CORP.📈 NYSE:NEM LONG H4
🛒BUY above = 70
🎯Target1 = 66.45
🎯Target2 = 68.80
🛑Stop loss or cancel trade = 62.60
🙈Risk = (2%-3%)
#NEM #NEMLONG #BUYNEM
Newmont Corp. LONG📈 NYSE:NEM LONG D1
🛒BUY above = 70.50
🎯Target1 = 74.20
🎯Target2 = 95.50
🛑Stop loss = 64.30
🙈Risk = (2%-3%)
Weekly potential
#NEM #NEMLONG #BUYNEM
NEWMONT miningGOLD Mining corporation
if the monetary easy continues, the GOLD price are rising up and also GOLD mining firm's profit expect to be more higher level.
Strategy:
If this 68.9 support level to be confirmed, then the price are to be 78.58 fibonacci extention level 0.5.
Addition to that here 78.58 are N shape forming point.
Good profitability point
disclaimer: This is just my thought and strategy. pls trade depend on your logic and your responsibility.
NEMNewmont is preparing to take out the all time high (top of magenta area) which will launch it into a new phase of the bull market. I am especially bullish on NEM because they have a massive amount of silver reserves they acquired from the takeover of Goldcorp.
Best gold mining stocks to buy. Part III.Long-term/position trading. Buy @ $30-35, TP $45-65-80, SL for position trading is below $30 (watch weekly).
NEM - Potential Profit 4.47% - Ascending Triangle2-month support established and confirmed multiple times in an uptrend corridor. Ascending Triangle formed within, just broken out.
- 6-month Uptrend and All-time High
- RSI + Stoch well above 50
- MACD below Signal.
Suggested Entry $69.50
Suggested Stop Loss $214.69
Target price $72.64
NEM Rising channel, heading to 2 week highNEM Rising channel, heading to 2 week high of $68.88. Newmont is the world largest gold producer and ready to hit 52 week highs. The gold miners have lagged GC futures and GLD etf. Barrick gold is the 2nd largest producer and has a perfect ascending triangle. With FOMC july 30th, I expect these to breakout before and I would take some profits before known event. Still working on my videos, haha. thanks for watching! GL!
BIG Potential for NEWMONT CORPORATIONHello traders, NEWMONT CORPORATION gives a bullish signal, but from the gap it is possible that it will fall once reaching its previous higher.
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NEM potential buying opportunityPositives:
- After the impulse, did a perfect retrace to the 0.5 fib and found support.
- Gave a buy signal earlier in March when the 200MA held.
- Seems to be finding support above the 50MA at the moment.
What to wait for/when buy:
- Breaking above the daily cloud.
- Retesting the blue upward trendline and reacting positively.
When invalidated (for now):
- If doesnt manage to break/stay above the daily cloud.
- And/or if the blue trendline gets broken.
Eyeing $NEM breakoutNewmont corporation is the largest gold miner in the world, operating since 1921.
Per one of their presentations, 5 year cumulative cash flow at $1,800/oz is $17B or $3.4B/year, for a company currently valued at $49B.
Newmont is currently 40% higher than the beginning of the year and has staged an impressive rise since the lows of March 13.
If $NEM can clear $63 and fill the gap of May end, road to $70s is clean. Keep an eye on this one.
Newmont mining to follow gold into new highsIt will take years to go back to pre-covid employment levels. Central banks and government will keep pumping money in the system, both democrats or republicans, whoever wins next election.
Gold will benefit, gold shares even more.
Gold printed fresh highs, I expect gold shares will be catching up.
Favour large cap low-cost open pit mines: NEW or GOLD (barrick), or streaming companies FNV (franco Nevada
Newmont All Time Highs???Looking at the historic chart data and recent price
spike & pullback it looks like all the bagholders from
2011 hights have sold out...well the ones that wanted to sell out anyway. from the recent pullbacks, it looks like we will see all-time highs from this point especially with gold on route to all-time highs
What do you think???
