NEM hits TP And Some MoreNEM blasted through my take profits. I hope you learned something new from this setup. Its one of the most powerful setups in my bag of tricks.
−406.069ARS
−742.26 BARS
3.47 TARS
About NEWMONT CORPORATION CEDEAR EACH 3 REP 1
Sector
Industry
CEO
Thomas R. Palmer
Website
Headquarters
Denver
Employees (FY)
40.2 K
Founded
1921
ISIN
ARDEUT112570
FIGI
BBG000KXJZ51
Newmont Corp. engages in the exploration and acquisition of gold properties, containing copper, silver, lead, zinc or other metals. It operates through the following geographical segments: North America, South America, and Nevada. The North America segment consists primarily of Carlin, Phoenix, Twin Creeks and Long Canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado. The South America segment consists of Yanacocha in Peru, Merian in Suriname and Cerro Negro. The company was founded by William Boyce Thompson on May 2, 1921, and is headquartered in Denver, CO.
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
NEM to go down
Gold has been doing well. Newmont Mining (NEM) being one of the gold miners has seen a decent rally too.
NEM is overbought on the daily with a RSI over 70.
As we can see, we approached a diagonal downsloping trend line. There has been multiple hits on this trend line.
I expect NEM to pullback
Risking Risk On NEM TradeIn this video, I describe my trade idea, how I executed it, and recap the move it is making towards my target. I also briefly explain how I am reducing risk.
Buying at 23-23.5One more Leg down to reach a strong support. Perhaps it never comes, and I never buy.
But I will be ready to buy when it comes!
Newmont's Ghana Gold Mine Sale Sparks FrenzyNewmont Corporation (NYSE: NYSE:NEM ) has set the stage for a lucrative deal with the initiation of the sale of its Akyem gold mine in Ghana, attracting significant interest from Chinese mining giants amidst the backdrop of soaring gold prices.
Strategic Move Amidst Gold Boom:
With gold prices rea
Hit previous ALL time LOW - Range or UPGold Company with good earnings and good Div
I like the idea of a Range to a breakout to all time high
Newmont Corp hits multi-year lowsThere was a surge in bullish sentiment following the release of NVIDIA’s stunning results. The rally across stocks was broad-based, making it difficult to find anything that failed to post hefty gains yesterday. Well I’ve found one. Newmont Mining Corp, the world’s biggest gold miner, didn’t just fa
Box on $NEMA new exciting box is going on on the hourly chart together with a test of our emas and positive price action in case of breakout
See all ideas
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