It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...
Reasons 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
Newmont 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 reaching new heights, Newmont's decision to divest its Akyem gold...
Analyzing NYSE:NEM Newmont Corporation's double bottom pattern, it's clear that this mining stock presents a compelling investment opportunity. The pattern signifies potential upward momentum, with the blue line serving as a critical threshold. Going forward, a bullish outlook can be maintained if Newmont remains above this key level, suggesting favorable...
Analyzing the options chain of NEM Newmont Corporation prior to the earnings report this week, I would consider purchasing the 42.5usd strike price Calls with an expiration date of 9/15/2023, for a premium of approximately $1.11. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your...
NEM has broken above the wedge pattern, indicating bullish intentions. The current price action looks promising and we could see a short-term demand. However, for this scenario to play out, it's essential to avoid a new lower low (LL).
Newmont is flirting quite heavily with our alternative scenario, moving closer and closer to the support at $37.45. By now, it is touching the upper edge of the yellow zone between $42.50 and $23.41, on the verge of slumping deeper. There is a 40% chance that the course might do so, dropping below the support at $37.45 to develop wave alt.(2) in yellow earlier...
1. Trend is down over year and half 2. TTM Squeeze that usually bounces off opposite wall before reversing 3. Hitting resistance trendline repeatedly 4. Under 200ema I could see this ultimately hitting 200ema, which I would dump everything into going short, but this spot is good for a short as well. Always keep more dry powder and don't blow your load in one go!
Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king’s horses and all the king’s men Couldn’t put Humpty together again . Well, Newmont shouldn’t have such a great fall that it can’t be put together again. Tough, just like the egg headed character from the British nursery rhyme, it is sitting on the big yellow wall between $42.50 and $23.41,...
The Bollinger Bands contracting inside the Keltner channel predicts an explosive move ahead that will last at least 8 days. Combine that with Newmont's Price Action creating a box which looks like it's breaking through. I would not be surprised if there was a retrace to the top of the box later today if action is aggressive, or Monday morning - then it's Sayonara...
Newmont ( NEM ) stock prices have been falling precipitously, halving in value from highs of $86 in mid-April, due to lower gold prices and rising input costs weighing on the company's earnings. On July 25, following the release of the disappointing second-quarter results, with EPS down to 0.46 (-30% lower than expected), the world's largest gold miner fell to...
Just like many of the other commodities, Newmont mining looks overextended and is starting to turn over. Because of how quickly it ran, I think we're likely to see a violent snap back in price back to the February lows. I can see price going to the $60 range before continuing up and/or retesting these highs as resistance.
Newmont has been following our primary scenario and has as good as reached the ideal destination for wave ii in magenta near the lower third of the magenta zone between $69.49 and $56.42. Thus, it should soon turn around and move upwards. However, there remains a 40% chance that Newmont could drop through the magenta zone and below the support line at $52.60,...
Miners, metals, hard assets, etc. will moon Buy when nobody gives a shit and when they are cheap. Can this dip to $44-46 - sure, just buying more if that happens. Also, half of my posts are going private for now with a few public ones in between. I am dropping another one for you that will triple in price (see link to a private post under related ideas below)
There is still plenty of room on the downside for the Newmont stock and we expect it to use it to the fullest. The next big step is the breaching of the support line at $54.18, however the stock should not fall below $46.07. If it does so: RUN FOREST, RUN!
The Newmont stock has reached an important mark within the chart, and we are waiting for the stock to turn around. If we stay above $54.18, we continue to expect the price to crush through the resistance at $75.31 and proceed to tackle prices above $90. However, a 45% chance of falling below $54.18 remains, which would lead to further declines. Go Bulls, Go!
Couple of signals to outline bearish trend on gold 1. Lines work until they don't - blue trendline has been providing confirmation for long term uptrend since 2019 - however line is getting tested more and more, each test increases probability that line breaks 2. Lower high formed mid-May - gold briefly broke previous ATH in august 2020 just to pullback -...
📈 NYSE:NEM H4 🛒BUY above = 66.66 🎯Target1 = 69.05 🎯Target2 = 70.55 🎯Target3 = 72.95 🛑Trailing Stop loss = 62.75 ❌Cancel trade and open reverse trade = 62.75 🙈Recommended risk = 3-5% #NEM #NEMONG #BUYNEM