NEM trade ideas
NEM DailyAccording to technical analysis, gold and silver stocks appear to be preparing for medium-term growth.
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 Goldcorp: Still Bearish! There is still plenty of room on the downside for the Newmont stock and we expect it to use it to the fullest. The next big step is the breaching of the support line at $54.18, however the stock should not fall below $46.07. If it does so: RUN FOREST, RUN!
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 $62.20 and is testing the lows that generated the momentum for the breakout ( support and resistance).
The whole bullish momentum retraced to the 76.4% retracement level. May indicate a proper support zone for the coming days (Fib), where TVC:GOLD is still holding its bullish momentum.
S/L was kept relatively tight, inside the previous channel. A price test of 54.19 would still support the buy trade as long as this level holds; T/P @ 1.272 Fib. ext.
NewmontIn the last idea I assumed the stock would drop to 60. Now I'm assuming again that they will go up
NewmontStrategy/Chart pattern: Positive divergence at support
Entry: 63.87$
Stop: 60.50$
Target: /
Risk/Reward-Ratio: /
Stopmanagement: Parabolic SAR stops daily chart default settings
NEM BUY/LONG SHORT TERM ANYTIME SOONTICKER CODE: NEM
Company Name: NEWMONT CORPORATION
Industry: US Stocks Non-Energy Minerals Precious Metals
Position Proposed: BUY/LONG
Entry: 62.80- 63.00 NOW READY
1st Partial Take Profit: 66.05
Stop Loss: 61.05
Technical Analysis
1. Rising Wedge completed (Breakout already)
2. Head & Shoulder (Shoulders forming)
3. RSI OVERSOLD ( price will go up a while)
4. Area of confluence (EMA, structure level & Trendline)
2021-06-23 NEWMONT - long continuationPrice contained in the arc and retracing to 61.8% of last upswing on weekly.
Let's hope this holds and price continue higher
Newmont and the possible reversalAfter the huge selloff in the gold market there are several signs of a possible reversal of Newmont.
So let´s sum up the body of evidence:
1. The price is right at a significant support level
2. It has formed a hammer reversal pattern at the support level
3. We have a positive divergence with the RSI and MACD
4. At the support level we saw a spike in the volume although the price was not selling off anymore. This is a sign of a allocation
5. A Entry when the RSI reading was below 35 in the daily chart was in the recent past a profitable strategy
Newmount Buy Zone ReachedNewmount reached 66% Retracement.
NEM goes to watch list. MACD not right now signal a buy... so a little bit pacient may be good.
To be on a rebounce of gold in the next weeks... Bullish... Only on Watchlist
NEM a buy?MACD is downwards right now and some distance to fibannaci Retracement is there.
On Alert / Watchlist for a later buy, if a drawdown will happen.
In long range still bullish for gold
$NEMLooking like a 5 wave theory in play. Possibly on wave 4. Using box range to find target which lines up with fib target zone
NEM : RESET / POSITION TRADE / HEDGENewmont Mining just came off a record quarter in Q3 with free cash flow of ~$1.3 billion, and increased its dividend by 60% to $1.60 per share annually.
Despite these bullish developments, the stock has slumped with the rest of the sector, down more than 20% from its August highs.
This correction has left the stock trading below 13x FY2021 annual EPS estimates, with a dividend that's 70% higher than that of the S&P 500.
Therefore, if we see any further weakness below $57.25, I would view this as a low-risk buying opportunity for long-term investors looking for steady free cash flow and yield.
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