Newmont Corporation NEM

StockPickingEnthusiast Pro Updated 

This has reached a bit too consensus for me. Fading/closing longs on Gold/gold miners.

StockPickingEnthusiast Pro Updated 

Gold Miners have suffered, and this one has now capitulated in my opinion. Yielding 5.6%+ and near a hefty demand level between 38-35, I'd expect a new uptrend in this one sooner rather than later. (See pink circles in the longterm squeeze indicator chart, extremely eversold - second most since 1985)

jado15

It the right time to ride this long wave of #NEM after the major drop and finishing the accumulation phase. I always use S1&S2 to help me identify the key levels and get some free signals, but this time I used naked chart with market structure only.

AynurNur Pro

recession fair increasing, the best investment we can make is gold

RogueCleaner Premium

NEM support level @ fibonacci level 61% held. this is a bullish signal. GOLD will rise in 2023, i mean the USD will continue to depreciate. expect NEM to bounce higher. sellers have been exhausted.

EPSMomentum Premium

The PEAD projected a Bullish outlook for $NEM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.

Dan_B_Cooper

NEM follows the sine wave very well. Has tested support and currently Bollinger bands squeeze. When BB squeeze, you have a very hefty upthrust. About a 50% run into late January.

EmptyEternity Updated 

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!

Dan_B_Cooper

Prior area of congestion at 46.65 when cleared should give a good low volume rocket thrust up to the 50.84 area. If you didn't get this at the bottom you missed a good bargain.

surapats Premium

NEWMONT has TD Reinforcement in daily chart and also TD Buy Setup in weekly chart with bullish divergence signal. The best strategy is not only buy or long NEM but you are also able to short put option for playing with time decay. I recommend to apply the strategy before earing period to take an advantage of imply volatility. However, don't forget to limit your...

xtremerider8 Updated 

Newmont gold miner, after more than doubled from a 2016 Cup & Handle formation, came back down to retest the neckline at around 40. As you can see in the chart, it reached the top of the 2009 channel near 85 on April 2022 & went vertically down to retest the channel base near 40, with the usual chopping near the mid channel dotted blue line. Very bullish cases:...

zach6667 Updated 

"Financed Spread" idea. 1/20/23 Expiration. SELL $50 Call. BUY $45 Call. --{Current Share Price: $42}-- SELL $40 Put. The credit will be around $166 and the collateral will be $4,000. The max gain of $666 hits at a share price of $50 (19% price gain from current (10/1) price).

Trader-Dan Premium

- Great risk reward entry on this US listed miner. - Longterm support trendline - Morgan Stanley has increased their exposure to NEM in the second quarter. - SL and initial TP on the chart

DailyMarketUpdate Premium

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,...

NRPICKS_ Premium Updated 

Newmont Corporation is engaged in gold production and exploration. It also explores for copper, silver, zinc and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana.

EmptyEternity Updated 

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...

peterbokma

There is lot's of talk for further GOLD weakness. That is fairly strange considering inflation, and uncertainties with weaker economies that may enter recession in the near future, if one reads into the latest development. Especially the US housing market. GOLD per se, seems slowly building up support form the medium-term, but bearing in mind we can range...

ShortSeller76

Still no change in view, NEM went lower than expected but appears to still have long term support in place and resistance around $53 range. We should see a retracement back to $63.68 .5 fibonacci range in coming weeks/ months. Copper and Gold miners are way oversold and been taken out to the woodshed with an artificially inflated dollar on the backs of $33...