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Newmont Corporation

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NEM trade ideas

#Newmont - This one's for the #historybooks!!! 🤯 alright alright before you start cursing me I am not kidding!!! 🤯 you see that Red trendline that is coming from 1987?! look how price got rejected in 2011 & again this time in 2020!!!!! 🤯 so how will this be possible?! well #Newmont is a mining company right? so now as we are looking at possible multiyear recession possible depression there won't be work for them & eventually price will come back to support then maybe in 2050 finally we will have started mining on other planets, meteorites & stocks will skyrocket cause they are the leading company who can mine precious space minerals (lol I am not good with fundamentals) here are the TA first we have a descending triangle forming that might have a flat support or we could be forming a simple triangle either case they both have Red trendline as Massive resistance once we break it this stock will skyrocket!! Buy this for future generations can't promise you will be alive to see this going to 500$ unless we have found immortality! 🤣
NYSE:NEMLong
by TradingV2
NEM Killing It!Hello, I have a brother that has been into stocks for over 30 years and he gave me a tip 3-4 weeks ago, I should have listened. Looking at this chart on the weekly, I do see a slight correction. I would be careful shorting this because overall the trend is very bullish and you can also see that the whipsaws on this chart have been sharpened. I would wait to look for a nice long entry, this is going up to a hundred bucks plus. News from Newmont Corporation (NYSE: NEM , TSX: NGT ) (Newmont or the Company) announced today the Company continues to ramp up operations at Peñasquito, Cerro Negro, Éléonore, and Yanacocha. Among Newmont’s 12 operating mines and two joint ventures, 13 sites will be fully operational in the coming weeks. "We are pleased to be ramping up operations at our four sites previously placed in care and maintenance and we remain committed to protecting our workforce and neighboring communities," said Tom Palmer, President and Chief Executive Officer. "We continue to respond to this pandemic from a position of strength and Newmont’s diverse portfolio in top-tier jurisdictions provides a long-term, stable production profile with the potential to generate significant free cash flow over time." Good Luck Cheers! Please check out my profile page, I have more trade ideas on my wall, today I have produced 7 new trades. www.tradingview.com
NYSE:NEMShort
by keifer
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.
NYSE:NEMLong
by gamer456148