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!
First of the many trade journal entries to keep me grounded. A way to measure the profitability of my setups. NYSE:NEM : Price had pullback to retest its previous breakout level around $62.20 and is testing the lows that generated the momentum for the breakout ( support and resistance). The whole bullish momentum retraced to the 76.4% retracement level. May...
In the last idea I assumed the stock would drop to 60. Now I'm assuming again that they will go up
Newmont maintaining arc - interesting area to look for longs
Strategy/Chart pattern: Positive divergence at support Entry: 63.87$ Stop: 60.50$ Target: / Risk/Reward-Ratio: / Stopmanagement: Parabolic SAR stops daily chart default settings
TICKER CODE: NEM Company Name: NEWMONT CORPORATION Industry: US Stocks Non-Energy Minerals Precious Metals Position Proposed: BUY/LONG Entry: 62.80- 63.00 NOW READY 1st Partial Take Profit: 66.05 Stop Loss: 61.05 Technical Analysis 1. Rising Wedge completed (Breakout already) 2. Head & Shoulder (Shoulders forming) 3. RSI OVERSOLD ( price will go up a...
Price contained in the arc and retracing to 61.8% of last upswing on weekly. Let's hope this holds and price continue higher
Reiterating my long term buy on Newmont. Good place to add.
After the huge selloff in the gold market there are several signs of a possible reversal of Newmont. So let´s sum up the body of evidence: 1. The price is right at a significant support level 2. It has formed a hammer reversal pattern at the support level 3. We have a positive divergence with the RSI and MACD 4. At the support level we saw a spike in the volume...
Newmount reached 66% Retracement. NEM goes to watch list. MACD not right now signal a buy... so a little bit pacient may be good. To be on a rebounce of gold in the next weeks... Bullish... Only on Watchlist
MACD is downwards right now and some distance to fibannaci Retracement is there. On Alert / Watchlist for a later buy, if a drawdown will happen. In long range still bullish for gold
Consolidation is broken upwards with the minimum target level around 90.