2022 Actual Trade NEM +39% Profits- solid 3-month rectangle pattern at basement level 53-59 during September-December 2021
- notice 12/16/2021 NEM got a upside momemtum to 59 level that was the entry point
- there were few pullbacks to test 59 as the support in January 2022 but it bounced up quickly
- Rally occurred for NEWM during February-March when Russia-Ukraine war started
- It is a straight-up rally after January for the +39% in a few months
NEMD trade ideas
4/3/22 NEMNewmont Corporation ( NYSE:NEM )
Sector: Non-Energy Minerals (Precious Metals)
Market Capitalization: 65.607B
Current Price: $82.78
Breakout price (hold above): $80.10
Buy Zone (Top/Bottom Range): $77.65-$74.05
Price Target: $89.20-$90.90
Estimated Duration to Target: 65-68d
Contract of Interest: $NEM 6/17/22 90c
Trade price as of publish date: $2.56/contract
NEM: Trading the Range Newmont Corporation - Short Term - We look to Sell at 58.49 (stop at 60.65)
Trading within the Channel formation. Price action has posted a Doji candle and signals a possible reversal of the recent trend. Price action has stalled at good resistance levels and currently trades just below here (60.00). Previous support located at 52.50. Offers ample risk/reward to sell at the market.
Our profit targets will be 52.58 and 50.50
Resistance: 60.00 / 62.00 / 65.00
Support: 52.50 / 50.00 / 45.00
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Buy $NEM - NRPicks 20 AgoNewmont Corporation is engaged in gold production and exploration. It also explores for copper, silver, zinc and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana.
-Revenue TTM 12.4B
-Net Income TTM 2.8B
-EBITDA TTM 6.4B
-Cash TTM 4.8B
-Net Margin TTM 23%
-EBITDA Margin 51.3%
-P/E 5.69
-Dividend Yield 3.89%
-P/B 1.95
NEM to $100Miners, metals, hard assets, etc. will moon
Buy when nobody gives a shit and when they are cheap. Can this dip to $44-46 - sure, just buying more if that happens.
Also, half of my posts are going private for now with a few public ones in between.
I am dropping another one for you that will triple in price (see link to a private post under related ideas below)
Newmont: Game Time! 💰💰💰The Newmont stock has reached an important mark within the chart, and we are waiting for the stock to turn around. If we stay above $54.18, we continue to expect the price to crush through the resistance at $75.31 and proceed to tackle prices above $90. However, a 45% chance of falling below $54.18 remains, which would lead to further declines.
Go Bulls, Go!
TRADE JOURNAL (#1): LONG NEM First of the many trade journal entries to keep me grounded. A way to measure the profitability of my setups.
NYSE:NEM :
Price had pullback to retest its previous breakout level around $62.20 and is testing the lows that generated the momentum for the breakout ( support and resistance).
The whole bullish momentum retraced to the 76.4% retracement level. May indicate a proper support zone for the coming days (Fib), where TVC:GOLD is still holding its bullish momentum.
S/L was kept relatively tight, inside the previous channel. A price test of 54.19 would still support the buy trade as long as this level holds; T/P @ 1.272 Fib. ext.