NEM - Big Move AheadOver the long term, I expect to see NEM at 100. My crude wave count shows that we are entering into a wave 3 that can boost shares to mid $80s.
NMM trade ideas
NEM eyes on $43.06: key Resistance to break and paint a BOTTOMNEM has been lagging gold and other metals' charts.
Currently up against a key resistance to a recovery.
Break-n-retest to paint a bottom, or reject to doom.
==============================================
,
NEM // cup handle formationAlthough there is a cup handle formation image on the chart, the targets are drawn according to Fibonacci. We need closings above 48.08 as a formation condition.
CUP and Handle Pattern NEM Stock making cup and handle along with bullish divergence, expected bullish trend, trade plane has been defined along with risk and reward.
Bullish behaviour on NEM stockThe price of Newmont Corporation shares retraced to the areas where professional buying took place in the past (blue rectangles). The volume during that move down is decreasing, which, according to Volume Spread Analysis (VSA), is bullish behaviour.
Also, given that today's bar penetrates the recent demand zone and the professionals were buying there again, this stock looks very strong and has a high chance of reversal.
Closing above the $43.72 level followed by its testing on daily or lower (1H, 15 minutes) timeframes might start the rally towards $55.13 - $55.89 with resistance around $49.27 - $50.12.
If today's bar is tested and supply reappears during this process, we may expect an extension of the ongoing correction to the $37.53 - $38.37 area and another surge of buying there.
NEM H&SThis looks like an inverted Head and Shoulders doesn't it?
I wouldn't be surprised if this right shoulder had a double-bottom.
long NEMIn practice, many successful traders use these indicators as part of a broader strategy that includes backtesting, diversified signals, and strict risk controls. So, while these tools can be viable in helping to make informed decisions, they work best when integrated into a well-rounded trading system rather than relied upon in isolation.
Expected $47-$50 By Feb, 2025It broke above 50 SMA and out of the channel in the week of April 22, 2024. Made good progress but broke below the 50 SMA and further the higher low of the week June 03, 2024. It is forming a bullish megaphone. In the near term, $47 is expected by next earnings. Holding January 2026 $50 calls.
100% to ATH & huge flag and Tri target for over performanceBullish chart 100% on the table
I am tracking about 22% increase from here to gold base metal target so this is 5x of that move which seems a lot can it do that in 2025 or will we need a bit longer. I dont know, lets wait and see its a multi year chart so muli year target
Equites look over valued generally so this may be a safe haven in any bear market because it holds many tonnes of gold as per 1929-1935 when in relative terms you had price increase with dividends over 25x in bear or 50x to '35 or 74x incld divi by holding the gold mining stock at the time, plus FDR revalued the gold price. Logic is still the same it will be a bumpy ride as gold is sold to pay margin calls but overall there is a lot of money which will need to be parked. As fund mngrs see gold as a value stock because relatively to the equity index's its not going down as much.
100% back to ATH
higher flag target
higher triangle target
Gold in triangle breakout
CRB in triangle breakout (Commodities Index)
Newmont buy zone around $17Trade the range - if you have the patience. Buy under $20 and sell at $64 for 200%+ gains
NEM - Falling Wedge ABCD PatternNEM is formed a falling wedge from recent highs and currently making falling wedge with ABCD pattern. This means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 30.22 and 20.50 because this coincides with:
- a number of trendlines and major support zone from Weekly timeframe meet around 30.22 and 29.50 (point D)
- gap fill is also at 29.87
Also, if we look at price range of first wedge pattern drop, it was about 31% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 31% from point C to D of ABCD pattern.
$NEM with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:NEM after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 86.67%.
$NEMGreen: Entry Point
Blue: Start of Week
Red: End of Week
Thumbs Up: Trade Available for Week
Numbers: Price Targets
*For share traders only. Not meant for options.
A mining company with hopeSince Gold is dragging every major mining company down this one can be a decent buy in case of a pullback to support, after that i guess it can climb higher assuming if mining stocks gonna stay in good shape
DangerousI know that the momentum is still given and the trend is intact and steady. But I need some short to balance the portfolio and the calculated upward target of this month's rise has been reached. Thus I can imagine a little correction for the last days of the month.
NEWMONT $NEMi expect it to retrace back to anywhere between 47$ and 42$, depending on golds correction move then another leg up should take place to 75$
Newmont (NEM) AnalysisCompany Overview: Newmont NYSE:NEM , as the world’s largest gold miner, is well-positioned to benefit from the ongoing gold bull market. The price of gold is projected to rise to $2,500 per ounce by the end of 2024, creating a significant tailwind for Newmont’s operations.
Key Catalysts:
Gold Production Strength: With forecasted production of 6.9 million ounces in 2024, Newmont has a major advantage, given its scale and operational capacity. The bullish gold market will enhance its profitability.
Newcrest Acquisition: The acquisition of Newcrest Mining is a game-changer, adding $500 million in synergies and boosting cash improvements by $2 billion through portfolio optimization. This deal strengthens Newmont’s competitive position and enhances long-term value creation.
Investment Outlook: Bullish Outlook: We are bullish on Newmont above $48.00-$49.00, based on strong gold market fundamentals and the strategic value of the Newcrest acquisition. Upside Potential: Our target for NEM is $78.00-$80.00, driven by rising gold prices and operational efficiencies from the acquisition.
🚀 NEM—Gold Market Leader Positioned for Growth. #Gold #Mining #Newmont
Newmont Corp | NEM | Long at $48.00While gold prices have soared recently, gold mining stocks have lagged. Newmont Corp NYSE:NEM , the world's largest gold mining corporation, may be undervalued if the miners take off to catch up to the gold demand/price. Currently sitting near $48.00 and at a historical moving average that it will need to break to show a true trend reversal, NYSE:NEM is in a personal buy zone. Now, the price may break down at the simple moving average and test the patience of shareholders, but the long game may benefit those who can tolerate the volatility.
Target #1 = $57.00
Target #2 = $71.00
I’m liking Newmont MiningNewmont has had funny and endearing management, and a steady mission. The chart is consolidating sideways in a ascending triangle. We’ll see. I predict a breakout of the formation, and a long bullish run equal in height to the length of the consolidation
NEM ASX - breakout weeklyNEM now breaking out hard.
target is $74 AUD.
gold miners have yet to move but spot price of gold has already
started accelerating higher.
Bonds yields are still negative in real terms.
equities are overvalued. BTC is in a bubble. Gold is stability.
US empire wants to initiate more Wars. China will be the next to be
invaded. They will instigate something in Taiwan as they did in Ukraine.
Can Newmont Break Resistance?Newmont rallied in March and April. Now, some traders may see potential for a breakout after two months of consolidation.
The first pattern on today’s chart is the May high of $44.59. The gold miner probed the level last week (after unemployment surprised to the upside) and its shares sat near it yesterday. Could a push above that resistance draw buyers from the sidelines?
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in May. That could suggest its longer-term trend has grown more bullish.
Third, the lower study includes our 2 MA Ratio script with the default settings of the 8- and 21-day exponential moving averages (EMAs). Notice how the quicker EMA has risen above the slower EMA. That may suggest its shorter-term trend has grown more bullish.
Next is the high basing pattern in May and June and a falling trendline since June 20. Those could reflect a completed consolidation period resolving to the upside.
Finally, you have catalysts like Federal Reserve Chair Jerome Powell’s testimony in the Senate on Tuesday and the consumer price index (CPI) on Thursday morning. Bond yields have recently declined on hopes that inflation and interest rates are headed lower. This week’s events could confirm (or invalidate) those views, which could potentially impact NEM.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NEM potential buy setupReasons for bullish bias:
- Price is at near weekly support
- Price is at channel support
- Bullish divergence
- Positive earnings results
Entry Level(CMP): 29.80
Stop Loss Level: 28.72
Take Profit Level 1: 33.11
Take Profit Level 2: Open
Newmont will dip and the soar 400% by next spring! (MULTIBAGGER)Pretty spectacular prediction huh? How am I calling all these movements? I found a repeating fractal in AMEX:SILJ that correlates to market plunges. I lined up the previous price action and it's following it to a 'T'. I expect similar repeating fractals for other assets as well.
Whether the FED is hawkish or dovish, after the minutes are released the market will go up and then fall down precipitously. Could be because China devalues, or BOJ sells treasuries (which were hinted at on Zerohedge today). Price will rip AFTER the FED cuts like it did in 2020 for the pandemic.
The price is gonna go from $42 to $50 for a possible blow-off top, down to $30, further down to $20, before going to $80.
OTM calls and puts can be bought for $5 for 2 weeks out so in two weeks, start buying puts in August and October and some longer dated calls (December). That way, if IV (Implied Volatility) gets too high, you can always sell those and make money when it gets hectic and IV explodes, regardless of where price is at (sometimes). Of course I'd like to reup some more puts in late August/early September if IV lessens, for the final ride down. Not sure about IV at the bottom, which is why I suggest buying calls before the plunge just in case.
OF COURSE THIS ISN'T FINANCIAL ADVICE.
