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JoeRodTrades
Apr 5, 2024 9:44 PM

NEM hits TP And Some More 

NYSE:NEM1D
Newmont CorporationNYSE

Description

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NEM 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.
Trend AnalysisChart PatternsTechnical Indicators
Comments
Solaire-chartmeister
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What’s your time frame? 3 days? I think this is going a lot higher.
Solaire-chartmeister
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@Solaire-chartmeister I guess it can come back to head and shoulder….
JoeRodTrades
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@Solaire-chartmeister, 3-10days usually. Yeah this thing has great potential I’ll be looking to buy pull backs.
Solaire-chartmeister
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@JoeRodTrades I’m still holding it, reminds me of a scoop and score.
JoeRodTrades
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@Solaire-chartmeister, Haha I can see that.
rzrektd
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I exited at the upper trend channel support. Looking for some form of pull back and support on a daily. I agree it’s going way higher but I need confirmation of the breakout. 15% gains over the last 5 weeks. Trade isn’t over yet.
JoeRodTrades
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@rzrektd, I am just waiting on a pullback for reentry.
rzrektd
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@JoeRodTrades, I ended up watching monday am premarket, volume indicated a jump at the open which I bought premarket and intended to trade the sell manually. Ended up distracted and missed and decided wait. Should have sold regardless because I knew CPI was going to come in undesirable and here I hold.... Action today is keeping me comfortable to wait out. Ideally, sucessful scalp yesterday and buying today's dip would have been best...
Solaire-chartmeister
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@JoeRodTrades sounds like you two are on the same page for TP
JoeRodTrades
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@Solaire-chartmeister, Yep, also his confirmation of a breakout might just be the pullback I am looking for to reenter lol.
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