NEM trade ideas
Newmont Mining -NEM -Daily Weekly Monthly Trying to Turn Up (2)Massive level of shorter-term, medium-term (weekly) and long-long-term support (monthly).
MACD is turning up.
Gold flushed down through 1200 last week and turned back up this week, perhaps worthy of a rally from here.
Buy some steadily through the next week. Then hold for a 3 range rally with a 3 range stop.
Tim 3:55PM EST 10/6/2014 23.21 last +0.50 (+2.2%)
Newmont Mining - NEM - Daily-Weekly-Monthly Trying to Turn UpMassive level of shorter-term, medium-term (weekly) and long-long-term support (monthly).
MACD is turning up.
Gold flushed down through 1200 last week and turned back up this week, perhaps worthy of a rally from here.
Buy some steadily through the next week. Then hold for a 3 range rally with a 3 range stop.
Tim 3:55PM EST 10/6/2014 23.21 last +0.50 (+2.2%)
Mining A Profitable Trade, Newmont Mining Corp (NYSE:NEM)Yesterday, Newmont Mining Corp (NYSE:NEM) filled an important gap on the charts, and came into an important trend line of support. As of late gold prices have been falling dramatically, dragging miners down with it. However, the metal as well as many of the leading miners, including Newmont Mining Corp (NYSE:NEM) are starting to set up for possible short term bottoms.
Traders and investors looking to mine profits in Newmont Mining Corp (NYSE:NEM) can go long (buy for a move higher) this equity here, while using confirmation below the rising trend line as a stop loss level. Should Newmont Mining Corp (NYSE:NEM) move up as the charts indicate, profits should be taken around the following levels; the first level of resistance at $25.00 is where you can take profits of half of your positions, and second and major level to take all profits off the table will be $25.89. The best strategy is to place a break-even stop on the trade once you reach the first target and allow the second half to run to your second target. Doing so will allow you to stay in the trade with ease, as you wait for the second target to be achieved, and it won't turn into a losing trade.
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NEM. potential rebound.Multiple rejection trend_line. 200 sma support.
KoD like formation. Potential Reversal.
Right shoulder formation ?
Target_1 : 26.17
NEM and the Gold SectorYou will see this base across many gold related stocks including the miners. Looking for a continued move higher out of the base. Will most likely use the daily stochastics to time exit. If we cross back down on the daily stochs I am out . also Like the GLD, and holding GLD
Newmont Mining Corp NEM -Daily -Key Hidden Level Support HeldNEM is gyrating nicely between Key Hidden Levels and missed by just 4c on the recent pullback to 25.79 on Monday (missing the 25.75 Key Level).
Key Hidden Levels, I believe, are good for a year beyond the date that they occurred and provide a strong "market-memory-level" that stops a stock in its tracks as it runs into familiar levels that bring traders and investors out of the woodwork.
Try using "Key Hidden Levels" and see how you can redefine your trading.
27.20 target NEM. Buy zone 25.75, Buy zone 25.50 (+/-)
Tim 26.37 last 10:06AM EST 8/26/2014
Newmont Mining Daily (06.08.2014) Chart Technical Analysis The Newmont share (NEM) Daily Diagram Technical Analysis Training shows the following:
The NEM has made a sharply uptrend development above the KUMO cloud last 3 days breaching the downtrend channel (the handle of the cup). The weekly diagram is bullish and monthly too.
So the first think in mind is that NEM has tested again the 25.90 and today is a critical day if it can breaches this level it or not. MACD is marginally bullish & RSI =57.
We have no special candlestick pattern. The share is above all the Ichimoku key indexes.
There is a cup with handle. The fib shows the target levels.
If the Share today breaches the 25.90 then the cup with handle pattern will begin towards to 28.15. first. If it does not breaches the resistance then some consolidations around the 25.04 will take places. Newmont & XAUUSD are together.
Newmont Mining - NEM - Daily - Still poised for the rally aheadGold and Gold stocks continue to disappoint those who want to see something go UP (other than Bonds) when there is turmoil, war and economic unrest in the world. Looking at the chart, you can see how the price of gold and lead and lag the chart of NEM by a little. The bullish pennant that NEM is forming here is being held back by the chart of gold. Each time the rally sets up (we close > the most frequent price in the sideways pattern), it then gets knocked back down to regroup.
You can see NEM is sitting right on the frequent price here at 25.11. Watch it closely. With the beginning of new months (and on new quarters and even more likely in a new year) it is often the beginning of new speculations by major funds and traders. The fundamental backdrop for Gold is easily researched and worthy of your time and attention before investing in NEM. I will be watching the price closely here to see if it follows the forecast from last week.
Tim 25.06 last NEM 10:21AM EST 8/1/2014
(Note: I included a chart from a few years ago where I forecast a major decline in the price of Gold Mining stocks, just so you can see I am not always bullish)
The importance of MA 200 line continues to grow.When you can place a stop so close, this is enough to open a position.
Momentum indicators do not support the rise in the short term.This means that we are talking about the impending correction. In any case, to open a long position makes sense at the end of correction.
Not bad start position.What you should pay attention to?First- start level of pivots. Second- upper border of Ichimoku cloud support. Ma 200 is also not superfluous.
Newmont Mining NEM - Daily - Setting up for a 3 pt rallyWe need an entire day above the "max time" level mentioned on the chart for a 16-day rally towards $28/sh.
Earnings are due in 7 days, so be mindful of that. If you can't accept a major move against you, then don't take this trade.
If the buy signal triggers, then we can look for a rally for 16 days that could carry up to the measurement from the low up to the "max time" (22.20 up to 25.14 = almost 3pts up to 28 for a target).
Note how well NEM has moved with these "TIME AT MODE" concepts in the past. Note the many other "time at mode" charts I have presented here at TradingView.
25.36 last NEM
Tim 1:02AM EST 7/22/2014
$NEMUnless the dark solid line is crossed at 26.42 on a weekly basis, this is a no-good stock. I am long lot of miners but not this
Newmont Mining NEM Daily Trend AnalysisNEM has nearly reached the conservative target for the move out of the 13-day accumulation area.
A more aggressive 27.40 target still stands and there is plenty of time left in the 13-day pattern.
If you are already long, stops can be raised to breakeven.
It is tempting to take some off the table given the decent return in a short period of time.
10:27AM EST, 3/17/2014
Tim 26.14 last NEM
Newmont Mining NEM to play catch up to the GDX GroupRisk 3% on the pair.
Target 10% return.
If the spread closes then the maximum gain is 21%.
The next step is to plot the ratio graph of these two (NEM/GDX) and make sure that is turning up.
I like the way NEM is acting here relative to the group and to the stock market.
Go long NEM and go short GDX. The profit is in the performance difference between the two. You only make money if NEM moves up more than GDX. The key is to put equal dollars into this trade.
Cheers.
Tim 11:32AM EST, Tuesday, March 4, 2014
Newmont Mining NEM base building patternThe chart is showing us that NEM has tried to base a number of times and all have failed. Each time there was a different pattern. This time we have a nice head&shoulders bottom formation.
I have noted key levels with the blue rays across the chart emanating from the price points that I think are important.
The risk-reward ratio here seems solid given the recent pullback. NEM fell back yesterday on a tad less volume and the last 3 up days have higher volume than the last 3 down days. So, some new buyers are coming in here and pushing up the price.
Let's see how this pans out.
Cheers.
Tim 12:19PM EST, Tuesday, Jan 28, 2014
Second Trade of Christmas $NEM Possible Stochastic DivergenceThe Second in a series of 12 stocks leading up to Christmas. These are pure HPS set ups and I will personally take each set up when and if it triggers. You can follow along on www.daytradingradio.com live everyday from 8;00am-4;00pm et
Remember this is a buy on a break above 23.50
You could also substitute the GLD etf as they should move together (GLD a little stronger)
Second Trade of Christmas $NEM Possible Stochastic DivergenceThe Second in a series of 12 stocks leading up to Christmas. These are pure HPS set ups and I will personally take each set up when and if it triggers. You can follow along on www.daytradingradio.com live everyday from 8;00am-4;00pm et
Remember this is a buy on a break above 23.50
You could also substitute the GLD etf as they should move together (GLD a little stronger)
Interpreting gold with a minerIf the chart of gold cant tell you much (double -bottom similar to the 2008 retracement), try with NEM... as it has just formed a nice H&S inv. At the neck b/o w/ volumes TGT could be the yellow upper parallel with a double gap-fill and the 144 sma, which looks to be playing with the same GLD.
RSI div +
Correlation >0 and growing
