timwest
Long

Newmont Mining - NEM - Daily-Weekly-Monthly Trying to Turn Up

NYSE:NEM   NEWMONT MINING CORP
230 6 8
Massive level of shorter-term, medium-term (weekly) and long-long-term support (monthly).

MACD is turning up.

Gold             flushed down through 1200 last week and turned back up this week, perhaps worthy of a rally from here.

Buy some steadily through the next week. Then hold for a 3 range rally with a 3 range stop.

Tim 3:55PM EST 10/6/2014 23.21 last +0.50 (+2.2%)
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Checking this up again - we're close to earnings and recently touched again on the support. Any reason apart from earnings on your radar for it to go south? (i don't know what you have behind the curtains, but i felt that you know a lot about the stock given you posted several ideas on it and they discovered the stock to me)
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Hi Timwest :)
Are you still long on this particular instrument? It's been going sideways for some time now...
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timwest justindanethan
I have no position at the moment. Sorry I didn't update that I exited. All it needs to do is lift a little and everyone will pile back into it.
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2use justindanethan
If you believe or see the market going up (and you are a short term trader), if this picks up as well, it is a good buy.
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What is a 3 range rally and stop?
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Target 3 ATR's (Average True Ranges) and risk 3 ATR's.
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