Newmont Corporation [ NYSE: NEM ]Newmont Corporation
Pending Order Placement
Entry Placement 63.68
Take Profit Placement 71.88
Stop Loss Placement 58.21
NMM trade ideas
NEM - Testing Support- NEM has been trading in an ascending channel since bottoming in mid-March.
- Up move has slowed and is now testing the lower band again.
- If this holds, it will continue in the uptrend. Note that 50MA has been support as it tests the lower band as well.
- If it breaks to the downside, looking for it to break through support at $59 and test the $56.50 level.
Hoping this continues in the uptrend though :)
There is big potential that NGT NEWMONT GOLD CORPORATION down.*** A strong break out of the average price ,then it is the reversal of the direction so it's a big probability of down to 86.50 see 86.00.
NEM Gold Surge: $67 Price Target (Short) -> $80 Long TargetFirst off, please don't take what I say seriously or at face value. That being said, let us see what my opinion is on NEM. Right now, given the time period we are in, the demand curve is low for many natural or mined resources. Gold doesn't seem to be one of them, as we are having an emergence of what seems like a positive bull run for NEM after its negative correlations. Now, this is still high risk given its previous price decreases and vastly negative correlations, but strong buy demand support seems to be there. Am important key event would also be its May earnings call. I am calling as a short a $67 price target, and think it has the potential of hitting an $80 price as a long hold.
flag & pennant break outcharts are looking very bullish.
NEM has cleared the final hurdle and will head higher
this will attract more buyers and the game rolls along
Newmont Corp $NEM#NewmontCorporation have rallied 35 year to date.The company’s focus on key growth projects, disciplined capital allocation strategy and higher gold prices are some of the factors contributing to its share price appreciation. It is hitting the 15 years resistance again. This time gold will help them to break out
A.I Vision Alex Vieira Urges to Invest in Gold Stocks to CrashA.I Vision Alex Vieira Urges to Invest in Gold since he announced the bottom at $18 upgrading to Strong-Buy. Gold can see a frenzy in case of a market crash
NEM - H&S almost completeNEM doing its thing. Looks like its ready to attack earlier highs. Breakout should be coming soon.
NEM looks to go higher. Newmont Mining looks primed to go higher...
Goodluck (Not trading advice).
NEM
NEM : Daiy chart, pullback expected - minor cycle bottomNow that we have looked at our view on weekly charts, lets look at the daily charts. (attached below the analysis on weekly charts, better t read that first to have the forthlooking view)
Weekly chart on the minor cycle suggests a minor pullback in the beginning of March 2020. As we are aware, price may bottom a few candles around this and we may expect last week of Feb and the first week of March to show a minor pullback. Price around $42 and $41 is an important cycle resistance/ support zone from previous weekly cycles.
A look at the candles and we can see some signs of signals of short term market overbought conditions and also RSI showing overbought status.
Wait for the pullback and then price may retest the upper resistance zone
Look out for more action on this!
Weekly chart for NEM : Bullish near term, mid cycle analysis
Lets have a look on what's happening with NEM. We are in the mid range of the larger cycle on weekly charts and we may be seeing a minor bottom on the smaller cycle as evident in the chart. This large upward spike in the chart on the weekly candle may also be a sign of exhaustion or a partial entry to a testing zone/ congestion area
$46 to $49 would be expected to be a resistance zone on the FIB ext levels. Price may test this zone and then look for support. Minor support expected between $40 to $43 levels and intermediate support between $35 to $38 levels
From RSI perspective, the November 2019 weekly bottom on the major cycle, showed a bullish support on RSI and in the whole rally that has ensued since then, we have seen price 35% over the last 12 to 14 weekly candles. Price targets were revised upwards given the bullish upwards move in Gold. Also, price has not yet shown signs of being overbought, price action may still have some upward move as indicated above
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Newmont Gold breaking OutExtremely significant long term breakout for $NEM Newmont #Gold. This setup is looking poised for a run to $58
$NEM Before earningsNewmont Goldcorp Corporation ($NEM) is scheduled to announce its earnings on Thursday, February 20 before the market opens. It could be the catalyst to break this resistance level. Weekly chart.
Newmont Corp. Bullish into earnings Newmont Corp. is a gold producer, which engages in the production of gold. It operates through the following geographical segments: North America, South America, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States. The South America segment consists primarily of Yanacocha in Peru and Merian in Suriname. The Australia segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Africa segment consists primarily of Ahafo and Akyem in Ghana. The company was founded by William Boyce Thompson on May 2, 1921 and is headquartered in Greenwood Village, CO.
NEM - still consolidatingNEM is still consolidating its move. Earnings on deck next week. I think this has a couple bucks of downside at most. Doubt it will break the indicated support. Still needs to take out the 2016 high. Next move up should do it and there will not be much resistance above.
Newmont breakoutok so the price has broken out
of a triangle setup. Barrick is at also
very close to breakout. these 2 signal
further rises in the price of GOLD in $USD
NEM - Perfect for the 2020 Election YearWant a different way to play gold? Buy a miner! This is one of the top rated out there and it looks like it's about to breakout. In order to take the trade I will have to see a close above 46.07 on a weekly basis.
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I'm trying a little short hereProbable DBL TOP (M) forming, Bearish div in the RSI, Willy stupid, M forming in the OBV
risk 0,9% of the position
