NEM trade ideas
BOTTOM FISHING : Is NEM a buy here ?NEM seems to have touched bottom area of 29.12 to 29.93 for potential BUY. This is also to earlier support from Sept 2018 / Oct 2018. Take profits at 33.17 to 34.34.
The idea used here is Volume Profile (Flexible) and Point of Control. NEM is was selected via a proprietary scanner tool separately.
Newmont Mining (NEM) BUY swing trade ( 2 to 4 months approx)Looking for a 50% return on this stock. Below 32 i will be out of this one
NEMWatching this one closely, break down from channel could be a great short, and a vice versa if channel provides further support.
Newmont Mining Longterm Monthly OutlookUltra bullish scenario. Long term hold targeting the all time high.
NEM BAMM - Long trage NEM is in the process of printing Bat pattern still incomplete but we can try to trade B->D move which is often happens. Since when I am writing this idea price already broke B point I have to frame it with two entries.
Entry 1 (preferred) - we see daily pin of high volume so there is a good chance of B point line to be re-tested. Wait until it is tested and see if it provides support to the stock price. If it does - price bounces of it on good volume and produces bullish candle e.g. pin. Then we can enter long position targeting Bat's D point.
Entry 2 - if price action next week will be strong enough to break daily pin without B point re-test we can enter long position there.
Trade Exit: Automatically exit trade at 0.886 fib - Bat's D point $40.51. Even at late entry at $37.65 we can still have 7% gain. With preferred entry we can gain about 14%.
Proper money management required.
NEM longGet on board the PM train, f**k cryptos , that's yesterdays news.
TP and SL levels are on the chart. Trade accordingly.
NEMAdding small to my initial position of 31.67. I think gold will be making quite the run here in the future, the charts support it. Also looking at many other companies once they come down into value for a good buy. Entered 33.57
Newmont Mining hits 1M oz mark Self chart
gold mining stock from south africa achieving 1M oz. gold mark. Hmmm I could sleep on that.
ok just a watermark and at 786fibretracement from full retracement in last 2 weeks, meaning gold actually has some value vs SPY
Hope People were around in gold room at the 29 areaShake and bake Earnings flip....dirty deedz done by the MM to get people to sell the range lows on a test and rip it higher....nice entry for longs and put sales..Long term hold
NEM(daily chart). Double bottom at Sup(Bullish Shark, (Crab)).NEM(daily chart). Double bottom at Sup(Bullish Shark, (Crab)).
RSI bullish.
NEMMet the minimum requirement. Does not seem to be ready for turn around. 0.618 would be golden opportunity. Need at least 5-6 for a stabilization.
$NEM Newmont Mining Ascending Triangle$NEM Newmont Mining ascending triangle forming, appears to be holding lower support line / 200d ema line. Expecting a bounce within triangle imminently. Medium term target of $42 by mid to late July.
Assuming a positive earnings report in late July and eventual break through $42 resistance, longer term target $46.
NEM - Too Close to Call?Fib levels for the run up from early 2016 holding....this looks like it could go either way. Thoughts anyone? Bueller?
