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NEWMONT CORP. DL 1,60NEWMONT CORP. DL 1,60NEWMONT CORP. DL 1,60

NEWMONT CORP. DL 1,60

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NMM trade ideas

Possible Head & Shoulders FormingFirstly some fundamentals. Basic materials have dropped 4.4% in the last month and 5.7% in the last week. In this sector mining has seen a 7.83% drop in the last week and 12.49% in the last month (source finviz and stockcharts.com). This specific stock has performed worse with a weekly drop of 8.23% and 14.02% monthly. This gives an overall picture of weakness at this current point in time for this stock and industry. Going onto the chart I have firstly labelled the possible head and shoulders. Until the neckline is broken though (preferably on heavy volume that breaks the trend-line I've drawn for that) this is not a confirmed pattern. On the head I've drawn a box that incorporates a double top and a tweezer top which also has a bearish engulfing pattern. Below this a gap that doesn't get closed by the second box I've drawn on. This box is interesting in a few ways, firstly there is a moving average crossover of a 20 day MA and a 50 day MA (which is also resistance as the price on that day doesn't hold above the 50 day MA) indicating the short term trend has turned bearish. Another interesting point is that the candle is clearly a shooting star which is confirmed by a small gap down and a strong red candle after. This candle also falls on a crossover of the stochastic oscillator set at 5,3,3 with a neutral rating of 50 on the RSI. Volume has been contracting through the development of the possible head and shoulders and the longer term stochastic has also recently crossed over indicating more downward momentum. The RSI is currently on the support zone for a bull market which has been tested on numerous occasion throughout the bull phase of this move. There was a whipsaw signal given on the previous low which gave us our neckline. The price is currently on the 100 day MA and would be a further bearish signal if it were to break this line. Upon a successful completion of a breakthrough the neckline I would expect to see the following. Firstly the 100 day MA would turn to resistance. Secondly the RSI would drop to below 30 and below the previous low. The longer term stochastic would also drop below the 20 mark which is the lower boundary in that window. The price should drop to the 0.382 Fibonacci level where there is already support. It could then retrace to the neckline/100 day MA. This should give the Stochastic and RSI a chance to come out of the oversold region before the price falls further. The RSI should not exceed 65 on this retracement. The price target for this move, derived by the head and shoulders measuring implications are shown by the vertical line. The 0.5 Fibonacci level is also a good support level very close to the price target. The 200 day MA is also currently within the price zone marked by the rectangle adding another support function. Further bearish signals are lower lows and lower highs (right shoulder), a bearish harami on the 13th of this month, a confluence resistance of 26 at 41.21 (just above the shooting star) with the next strongest support of 6 being at 31.55, we also have a bearish MACD signal not shown on this chart (stockta.com source). Any questions welcome.
NYSE:NEMShort
by ivan.tory.56
NEM: Newmont Mining - Gold Remains StrongLet's review Don's TRADE-MAP approach: TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces. .....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach: 1. The Ichimoku Cloud rising as well as the 89 day moving average . 2. Prices have risen above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is strong. 7. The top middle indicator is vortex and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown). 10. Look to the far right on the chart, at about 120% ($44 per share). You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend. This is also another example of an INVERSE relationship between gold-and falling yields on 10 Year T-Notes. My advice for-NEM is to go long on a pullback. Good luck to you. Don.
NYSE:NEMLong
by 649bruno
NEM: Shorting the topLet's see if we catch this top here. Looking for a retest of the KEL below. Stop loss at 41.39, and risking a small amount (0.5-1%) is fine. Gold futures and spot look ready to move down and NEM is extremely overbought here. You can also take a pair trade against GLD, other miners, etc. I'll share a few example setups in the comments. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
NYSE:NEMShort
by IvanLabrie
XME Components Analysis Number 7: NEM (Newmont Mining)I have recently published a series of bullish articles about-XME. NEM-is one of the components of-XME. The strength of this chart speaks for itself - It is one of the precious metals stocks which is contributing to the strength in-XME. XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap. I believe by showing you some of the individual components of-XME you will understand why I am very bullish towards the upward move in-XME. Don.
NYSE:NEMLong
by 649bruno
Watch FREE CASH FLOW to understand underlying valuationHere's what investors and traders routinely miss: Free cash flow yield. What is free cash flow? It is what is truly left over from running a business. If you purchased a business and then held it for yourself to reap the benefits, then you'd want to understand free cash flow. Search for it online to understand the nuances. A main element is that you add back in the depreciation, which is a non-cash charge, to earnings. Since the market is an M&A (Mergers and Acquisitions) supported market, then you want to look at the market the same way that M&A investors do and they look at Free Cash Flow Yields. Why? Because FCF is what enables you to pay off debt if you own the company outright. Keep in mind too that data isn't published until well after quarter-end, so you do need to pay attention to EARNINGS REPORT dates. This is an important reason why you need to know what price a stock was when it reported earnings, because that is when investors learn the new data point on free cash flow. Long live logic and rational thinking. Tim 9:50AM EST 3/28/2016 NEM 25.43 last. Oh - buy NEM down at $21 if possible, because I think that is an attractive free cash flow yield; $700 million on 1.3 times sales on 7.7Billion = or 7.7% and exit at 6% FCF Yield.
NYSE:NEM
by timwest
2
NEWMONT MINING: LONGNEM is a stock I bought recently that has seen some nice gains. For fundamental reasons this stock has looked very attractive for a long time. I recent bought as technicals finally confirmed what my fundamental analysis was telling me. You can see price broke out from channel, but found a bottom around 16.00. From there we broke short term down trend line, and broke back into the voided channel. Price came through 100 period moving average, and is coming towards 20.00 area resistance. This level also intersects with 200 period moving average. After a break of $20 looking for price to head to $27. Plan to be in this trade for a long haul, with a long term target well above current price.
NYSE:NEMLong
by Kevin_Lomax