NEWMONT CORPORATION (#NEM) - ReversalNYSE:NEM
- Good reversal on important support level
- RSI leaving the low point
- MACD is sloping up
- Upside potential till the downward trendline
Entry @ USD 60.12
PT. @ USD 63.00
SL. @ USD 58.00
NEM trade ideas
NEM has just made a double bottomNEM has just made a double bottom and is heading up. You need to get into this quickly if you want to make some money. NEM will likely go to $65 where there will be some resistance if it goes past that look for the price to go to $68.
Buy $NEM on rare alertNewmont mining may have just published a false breakout (FBO) beneath the recent wedge formed and the 50 Week MA. We received a rare block alert ahead of the final seasonality run into late February.
Newmont CorporationNewmont could provide us with a good opportunity to buy in on a pullback. Just some perspective.
Precious Metal's Behemoth NewmontWeekly log chart looking primed for a breakout... holding the line.... hold it... hold it....
NEM LongDemand Zone below Sideway Consolidation
Entry 57
Stop 55
target: 65;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Iron TariHi guys,
just as described in my strategy we have 4weeks 13% strikes.
Themaths are simple, just have a look at the strategy, and all the iron conodrs I shared in "ideas".
Enjoy your wallet!
Tari.
Newmont corp. long📈 NYSE:NEM H4
🛒BUY above = 66.66
🎯Target1 = 69.05
🎯Target2 = 70.55
🎯Target3 = 72.95
🛑Trailing Stop loss = 62.75
❌Cancel trade and open reverse trade = 62.75
🙈Recommended risk = 3-5%
#NEM #NEMONG #BUYNEM
very very attractive for a buy on the rise
The expansion is magnificent, a 50% decline already gives an attractive business with the possibility of breaking highs, it is a great value
[Long] Gold MinersNEM leading today, technically very nice breakout of channel. High volume sell day got reversed and couldn't test lower trendline. 4 green soldiers. Should spread to the rest of the sector eventually.
No matter who wins election, deficits and debt blow out to ridiculous levels.
Unfortunately I don't own this one but it's indicative of large money buying/already allocated into the sector. Large money buys the big companies with liquidity, first.
NEM wait for 14|11 to open . w44 2020Weekly
In Uptrend
Now is on correction or reversal from HH
Daily
Downtrend and bounce from SR level
4H
Double Bottom formation in downtrend
Seems like reversal to check 63.35
Could be buy after retested it,
Wait and see what happens on 14 of November with Gold
If it is not for downtrend in Gold then open buy
Open 63,5
SL 62
TP 68
Newmont also waiting at the gates...Newmont also waiting at the gates... watch closely where it closes 2020. A solid close above 61.50$ and the flood gates are wide open in Q1 2021 for ALL the precious metals complex! #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy
Iron TariHi guys,
This is weekly option Iron condor, 5% strikes.
Follow my strategy for free, and check by yourself the odds and the maths!
Enjoy your wallet!
Tari.
NEWMONT CORPORATION at a CRITICAL LEVEL for its future priceNEWMONT CORPORATION at a CRITICAL LEVEL for its future price.
Closing a weekly candle above that trendline, would break a multiyear pattern, and activate all the other possible targets in red.
Otherwise, in case of rejection, the supports are in green.
Newmont Corporation (NEM) Bearish DivergenceA Reaction low formed after testing the Upper Bollinger Band and the (Resistance area of 19 September 2011) ,We then seen a Test of Support (Middle of Bollinger Band) and (Previous Local Resistance), found support there and
moved up to test the Upper Bollinger Band, exceeding the previous high but Rejecting the test of the upper Bollinger Band (Also being The High from 07 November 2011) causing a reaction low to find and test a (New Low)
NEM buy the dip, don't buy falling knives.So, NEM has been rejected and made a nice retrace already.
What we need to do is monitor closely now and do the following.
We need to look for is 2 things:
- Arrival at a significant level of support.
- Signs of reversal at this support like; bullish divergence , engulfing candles, large wicks, big volume on bounce, falling wedge , inverted head and shoulder, etc.
The 2 supports to look out for:
1. USD 59-60, the one we are currently at. Represents the 0.618 fib of the most recent impulse (black fibs) and has horizontal support.
2. USD 52-53.50, representing the 0.5 fib on the larger upward impulse since the corona crash in march (blue fibs). This area has very strong horizontal support as well, hence i'm marking the 0.5 fib rather than the 0.618 fib.
