NEM Head & Shoulders technical breakout & new ATH Hi,
I actually spotted this a while ago and have keep this on the quiet but i am excited to share my first publication, This represents a clear "Ascending Inverse Head and Shoulders" with a slight favor to the upside.
I have set some price targets around potential Resistance levels also there wa
Key facts today
Newmont Corp. (NEM) hit a 52-week high of $76.52 with a volume of 9,030,070 shares. Shares rose 1.5% as gold prices reached $3,578 per ounce.
Newmont Corporation has been highlighted in the latest Uptrends Scan List, reflecting strong demand among market participants for the stock, with both buyers and current holders motivated to invest.
1.65 USD
2.91 B USD
16.48 B USD
About Newmont Corporation
Sector
Industry
CEO
Thomas Palmer
Website
Headquarters
Denver
Founded
1921
ISIN
ARDEUT112570
FIGI
BBG000KXL5X3
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: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and U.S. The company was founded by William Boyce Thompson on May 2, 1921 and is headquartered in Denver, CO.
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Rally Alert: Newmont Corporation Near Key Breakout Zone
Current Price: $74.4
Direction: LONG
Targets:
- T1 = $78.50
- T2 = $83.00
Stop Levels:
- S1 = $72.00
- S2 = $70.00
**Wisdom of Professional Traders:**
This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligen
Newmont Corp | NEM | Long at $48.00While gold prices have soared recently, gold mining stocks have lagged. Newmont Corp NYSE:NEM , the world's largest gold mining corporation, may be undervalued if the miners take off to catch up to the gold demand/price. Currently sitting near $48.00 and at a historical moving average that it will
NEM ASX - breakout weeklyNEM now breaking out hard.
target is $74 AUD.
gold miners have yet to move but spot price of gold has already
started accelerating higher.
Bonds yields are still negative in real terms.
equities are overvalued. BTC is in a bubble. Gold is stability.
US empire wants to initiate more Wars. Chin
Newmont showing an extremely positive outlookSome notes which can be used as arguments to the bullish outlook:
The stock is above the 200D and even the 200W EMA.
Large inverted head and shoulders structure which presents an opportunity leading up to 80$ which also turns out to be the resistance level tested in 1987 and 2022.
Locally looks
Potential outside week and bullish potential for NEMEntry conditions:
(i) higher share price for ASX:NEM above the level of the potential outside week noted on 13th June (i.e.: above the level of $88.35).
Stop loss for the trade would be:
(i) below the low of the outside week on 11th June (i.e.: below $80.70), should the trade activate.
Potential Uptrend in NewmontNewmont has been climbing this year, and some traders may see further upside in the S&P 500’s only pure-play gold miner.
The first pattern on today’s chart is the pullback since mid-April. The lower low, lower high and second lower low may be viewed as a potential A-B-C correction. Completion of su
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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