NEM trade ideas
NEM Growth Opportunity NEM is showing a nice growth opportunity in its share price for the next 12 to 24 months. if the gold price increases, they Newmont is in a strong position to benefit from it.
$NEM Double Bottom Analyzing NYSE:NEM Newmont Corporation's double bottom pattern, it's clear that this mining stock presents a compelling investment opportunity. The pattern signifies potential upward momentum, with the blue line serving as a critical threshold. Going forward, a bullish outlook can be maintained if Newmont remains above this key level, suggesting favorable prospects for investors. However, it's essential to stay vigilant and have specific price targets in mind to make informed trading decisions. Monitoring the stock's performance relative to the blue line will be crucial for identifying potential buy or sell signals, ensuring you stay on the right side of this promising investment opportunity. Newmont Corporation is one of the world's leading mining companies, primarily focused on the exploration, development, and production of gold, copper, silver, zinc, and other metals and minerals. As of my last knowledge update in September 2021, it was headquartered in Greenwood Village, Colorado, USA. Here are some key points about Newmont Corporation:
1. **Global Presence**: Newmont operates mining projects and exploration activities in various regions across the globe, including North and South America, Australia, Africa, and Asia.
2. **Gold Production**: Newmont is particularly renowned for its significant gold production. It has a diverse portfolio of gold mines and projects, making it one of the largest gold producers in the world.
3. **Copper and Other Minerals**: In addition to gold, Newmont is involved in the extraction of other metals, such as copper, silver, and zinc, through its mining operations.
4. **Sustainable Mining**: The company has a strong commitment to environmental and social responsibility, emphasizing sustainable mining practices and community engagement.
5. **Long History**: Newmont has a rich history dating back to 1921, and it has been a key player in the mining industry for decades.
6. **Stock Listing**: Newmont Corporation is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol "NEM."
7. **Industry Leadership**: It is considered one of the largest and most influential companies in the global mining industry, known for its operational excellence and financial stability.
Please note that the information provided here is based on my knowledge as of September 2021, and the company's status or activities may have evolved since then. For the most current and detailed information about Newmont Corporation, I recommend visiting the company's official website or referring to recent financial reports and news articles.
NEM might reverse from this levelNEM in a zone of multiple confluence. It might reverse from this level.
Newmont Corp looking goodNEM chart is brewing up a possible bullish set up. If we cross reference this chart with a current gold chart we could see a harmonious bullish reversal.
Set your alerts on gold and NEM and we may see a great set up!
Gold Mining TradeNewmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname.
NEM Newmont Corporation Options Ahead of EarningsAnalyzing the options chain of NEM Newmont Corporation prior to the earnings report this week,
I would consider purchasing the 42.5usd strike price Calls with
an expiration date of 9/15/2023,
for a premium of approximately $1.11.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
If you like gold this is for youLook at the chart, we had a double top that didn't play out. That means that the price is going to the other direction so up. This is a gold and copper mining company. Both metals are ripping. I would buy a good position here and if it drops buy more. Is very unlikely to break down the strong support. BTW while you are holding, it pays you more the 4% yield dividend. Not bad.
Short-term PT: $47According to TipRanks:
"Based on 10 Wall Street analysts offering 12 month price targets for Newmont Mining in the last 3 months. The average price target is $58.67 with a high forecast of $70.84 and a low forecast of $42.53. The average price target represents a 29.77% change from the last price of $45.21"
NEWMONT Stock Chart Fibonacci Analysis 052023Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 44/61.80%
NEWMONT Mining Showing weaknessIs Newmont mining telling us that gold is about to correct more or is this isolated to the miners?
This leading gold miner could be signaling headwinds for miners.
We have seen Gold outperform miners which tells us that this move in gold is likely from the banking crisis...fear.
NEM Gold Miner Potential Bull FlagAdded to the watch list. Forming a potential bull flag. I've included the breakout line. Entry to be posted.
Newmont Corporation shows short-term bullish momentum 🚀NEM has broken above the wedge pattern, indicating bullish intentions. The current price action looks promising and we could see a short-term demand. However, for this scenario to play out, it's essential to avoid a new lower low (LL).
#NEWMONT - Breakout$NEM has broken upwards from the 200dma after a successful long trade
Next swing high at $54.89 will likely be tested, lots of room to move above that.
Newmont: Flirty 😉Newmont is flirting quite heavily with our alternative scenario, moving closer and closer to the support at $37.45. By now, it is touching the upper edge of the yellow zone between $42.50 and $23.41, on the verge of slumping deeper. There is a 40% chance that the course might do so, dropping below the support at $37.45 to develop wave alt.(2) in yellow earlier already. However, primarily, we still expect Newmont to turn upwards first to head for the turquoise zone between $67.68 and $80.84. There, the share should place the top of wave B in turquoise before starting a fresh downwards movement, which should then lead into the yellow zone and thus below $37.45. Beneath this mark, Newmont should complete the overarching descent in the form of wave (2) in yellow.
Risky hypnotize of early change of local trendIdea:
Down breakdown cancellation after the financial report
Buy: 48.12
SL: 45.12
Technical:
Change of local trend. Long fall before. Possible global trend change
Financial:
- Pro: Low debt to eq.
- Pro: Gross margin > 15
- Con: RoE is falling
Time to Fade the Now Consensus View on Gold and Gold Miners?This has reached a bit too consensus for me.
Fading/closing longs on Gold/gold miners.
Newmont Mining - The Long Play Going ForwardGold Miners have suffered, and this one has now capitulated in my opinion.
Yielding 5.6%+ and near a hefty demand level between 38-35, I'd expect a new uptrend in this one sooner rather than later.
(See pink circles in the longterm squeeze indicator chart, extremely eversold - second most since 1985)
Fib level support heldNEM support level @ fibonacci level
61% held.
this is a bullish signal.
GOLD will rise in 2023, i mean the USD will
continue to depreciate. expect NEM
to bounce higher. sellers have been exhausted.
$NEM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NEM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
NEM is going Up It the right time to ride this long wave of #NEM after the major drop and finishing the accumulation phase. I always use S1&S2 to help me identify the key levels and get some free signals, but this time I used naked chart with market structure only.
NEM bullish into January - Target $70NEM follows the sine wave very well. Has tested support and currently Bollinger bands squeeze. When BB squeeze, you have a very hefty upthrust. About a 50% run into late January.
