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NEWMONT MINING CORPNN

NEWMONT MINING CORP

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NEWM trade ideas

TRADE JOURNAL (#1): LONG NEM First of the many trade journal entries to keep me grounded. A way to measure the profitability of my setups. NYSE:NEM : Price had pullback to retest its previous breakout level around $62.20 and is testing the lows that generated the momentum for the breakout ( support and resistance). The whole bullish momentum retraced to the 76.4% retracement level. May indicate a proper support zone for the coming days (Fib), where TVC:GOLD is still holding its bullish momentum. S/L was kept relatively tight, inside the previous channel. A price test of 54.19 would still support the buy trade as long as this level holds; T/P @ 1.272 Fib. ext.
NLong
by suheysen93
Newmont and the possible reversalAfter the huge selloff in the gold market there are several signs of a possible reversal of Newmont. So let´s sum up the body of evidence: 1. The price is right at a significant support level 2. It has formed a hammer reversal pattern at the support level 3. We have a positive divergence with the RSI and MACD 4. At the support level we saw a spike in the volume although the price was not selling off anymore. This is a sign of a allocation 5. A Entry when the RSI reading was below 35 in the daily chart was in the recent past a profitable strategy
NLong
by Cape-Peninsula-Capital
1
NEM : RESET / POSITION TRADE / HEDGENewmont Mining just came off a record quarter in Q3 with free cash flow of ~$1.3 billion, and increased its dividend by 60% to $1.60 per share annually. Despite these bullish developments, the stock has slumped with the rest of the sector, down more than 20% from its August highs. This correction has left the stock trading below 13x FY2021 annual EPS estimates, with a dividend that's 70% higher than that of the S&P 500. Therefore, if we see any further weakness below $57.25, I would view this as a low-risk buying opportunity for long-term investors looking for steady free cash flow and yield. seekingalpha.com
NLong
by TradingMavericks
Newmont CorporationChart pattern: Bull flag Entry: 65.78$ (this would end the downtrend which is active since the beginning of August 2020) Stop: 54.18$ Target: 93.354 Stopmanagement: ATR Stops weekly chart default settings Risk:Reward-Ratio: > 2.3:1 Description: Since August 2020 the chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target is the 1:1 Fibonacci extension of the former impusliv move. Additionally, the MACD is also confirming the change in trend. Ordersize: If you have a 10000K to trade and you only want to risk 1% of your volume, you can enter this trade with 570$.
NLong
by Cape-Peninsula-Capital