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 trade ideas
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 $70s is clean. Keep an eye on this one.
Newmont mining to follow gold into new highsIt will take years to go back to pre-covid employment levels. Central banks and government will keep pumping money in the system, both democrats or republicans, whoever wins next election.
Gold will benefit, gold shares even more.
Gold printed fresh highs, I expect gold shares will be catching up.
Favour large cap low-cost open pit mines: NEW or GOLD (barrick), or streaming companies FNV (franco Nevada
Newmont All Time Highs???Looking at the historic chart data and recent price
spike & pullback it looks like all the bagholders from
2011 hights have sold out...well the ones that wanted to sell out anyway. from the recent pullbacks, it looks like we will see all-time highs from this point especially with gold on route to all-time highs
What do you think???
#Newmont - This one's for the #historybooks!!! 🤯 alright alright before you start cursing me I am not kidding!!! 🤯
you see that Red trendline that is coming from 1987?! look how price got rejected in 2011 & again this time in 2020!!!!! 🤯
so how will this be possible?! well #Newmont is a mining company right? so now as we are looking at possible multiyear recession possible depression there won't be work for them & eventually price will come back to support
then maybe in 2050 finally we will have started mining on other planets, meteorites & stocks will skyrocket cause they are the leading company who can mine precious space minerals (lol I am not good with fundamentals)
here are the TA
first we have a descending triangle forming that might have a flat support
or we could be forming a simple triangle
either case they both have Red trendline as Massive resistance once we break it this stock will skyrocket!!
Buy this for future generations can't promise you will be alive to see this going to 500$ unless we have found immortality! 🤣
NEM - on verge of next real leg up!NEM traded $69.13 down to $52 holding head and shoulders breakout point. Over the last four days buying volume has picked up, MACD looks ready to crossover, and RSI is turning up. This is going to lead the GDX breakout. Wait for it.
NEM Approaching Next SupportIn the past 10 days or so, we see a huge selloff of this stock after it hit the 52 week high, with large gap downs breaking support after support. The next support would be at $51.15 and we shall see if it holds.
