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NEWMONT CORPORATION CEDEAR EACH 3 REP 1NEWMONT CORPORATION CEDEAR EACH 3 REP 1NEWMONT CORPORATION CEDEAR EACH 3 REP 1

NEWMONT CORPORATION CEDEAR EACH 3 REP 1

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NEM trade ideas

NEM BAMM - Long trage NEM is in the process of printing Bat pattern still incomplete but we can try to trade B->D move which is often happens. Since when I am writing this idea price already broke B point I have to frame it with two entries. Entry 1 (preferred) - we see daily pin of high volume so there is a good chance of B point line to be re-tested. Wait until it is tested and see if it provides support to the stock price. If it does - price bounces of it on good volume and produces bullish candle e.g. pin. Then we can enter long position targeting Bat's D point. Entry 2 - if price action next week will be strong enough to break daily pin without B point re-test we can enter long position there. Trade Exit: Automatically exit trade at 0.886 fib - Bat's D point $40.51. Even at late entry at $37.65 we can still have 7% gain. With preferred entry we can gain about 14%. Proper money management required.
NYSE:NEMLong
by pbartashevich
2
Newmont - Hard Work Pays Off!Sticking with the precious medals and miners themes, heavyweight champ NEM looks to be putting in the work and headed for another championship run. After it's fall from grace that came to an end in 2015, NEM has methodically starting making some real headway and getting back in shape. Looking at the FIB retracement following its run up from January 2016, you can see that the 50% area was tested and held and now looks like we are about to finish up all the testing in the 38% area and move on up to the 23% area. Like the rest of this space an NEM breakout to the upside looks very favorable over the next couple months. The champ is getting back in shape and I'm optimistic that NEM will emerge a winner once again. The technicals coupled with some fundamental articles I have read lately have me loving the space again!! Happy trading to all!
NYSE:NEMLong
by BobbySpa