alright alright before you start cursing me I am not kidding!!! 🤯 you see that Red trendline that is coming from 1987?! look how price got rejected in 2011 & again this time in 2020!!!!! 🤯 so how will this be possible?! well #Newmont is a mining company right? so now as we are looking at possible multiyear recession possible depression there won't be work...
NEM traded $69.13 down to $52 holding head and shoulders breakout point. Over the last four days buying volume has picked up, MACD looks ready to crossover, and RSI is turning up. This is going to lead the GDX breakout. Wait for it.
In the past 10 days or so, we see a huge selloff of this stock after it hit the 52 week high, with large gap downs breaking support after support. The next support would be at $51.15 and we shall see if it holds.
NEM is completing its C wave in a zig zag channel. Expect trend reversal near $50.
Hello, I have a brother that has been into stocks for over 30 years and he gave me a tip 3-4 weeks ago, I should have listened. Looking at this chart on the weekly, I do see a slight correction. I would be careful shorting this because overall the trend is very bullish and you can also see that the whipsaws on this chart have been sharpened. I would wait to look...
Difficult not to see an inverse Head & Shoulders pattern in this gold miner, isn't it?
$NEM is loosing its strength. There is a negative divergence and the volume is drying up. Expect a possible pull back. If you find my charts useful for you, please just leave me a "Like". thank you
NEM on the hourly has topped out at $65. It looks like its going to pull back to the $58 level. On the weekly and monthly chart it is very over extended. It also couldn't break the highs of $65.
Earnings were strong on the top line (+43% YOY) and EPS (+14% YOY) but did not have much of a reaction. News may have been priced in already.. Price action to see the resolution of an ascending triangle which should be to the upside. However, gold has been going sideways the last 3 days and a break lower will be drag NEM down. Let me know if you would like to...