Learn to Evaluate (NEM) using the Charts
February 06, 2024, 02:04 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NEM
- Buy NEM slightly over 32.96 target 36.3 stop loss @ 32.86 Details
The technical summary data tells us to buy NEM near 32.96 with an upside target of 36.3. This data also tells us to set a stop loss @ 32.86 to protect against excessive loss in case the stock begins to move against the trade. 32.96 is the first level of support below 33.36 , and by rule, any test of support is a buy signal. In this case, support 32.96 would be being tested, so a buy signal would exist.
- Short NEM slightly under 36.3, target 32.96, stop loss @ 36.4 Details
The technical summary data is suggesting a short of NEM as it gets near 36.3 with a downside target of 32.96. We should have a stop loss in place at 36.4though. 36.3 is the first level of resistance above 33.36, and by rule, any test of resistance is a short signal. In this case, if resistance 36.3 is being tested, so a short signal would exist.
Swing Trading Plans for NEM
- Buy NEM slightly over 33.7, target 34.9, Stop Loss @ 33.6 Details
If 33.7 begins to break higher, the technical summary data tells us to buy NEM just slightly over 33.7, with an upside target of 34.9. The data also tells us to set a stop loss @ 33.6 in case the stock turns against the trade. 33.7 is the first level of resistance above 33.36, and by rule, any break above resistance is a buy signal. In this case, 33.7, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NEM slightly near 33.7, target 32.96, Stop Loss @ 33.8. Details
The technical summary data is suggesting a short of NEM if it tests 33.7 with a downside target of 32.96. We should have a stop loss in place at 33.8 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 33.7, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for NEM
- Buy NEM slightly over 33.7, target 34.43, Stop Loss @ 33.62 Details
If 33.7 begins to break higher, the technical summary data tells us to buy NEM just slightly over 33.7, with an upside target of 34.43. The data also tells us to set a stop loss @ 33.62 in case the stock turns against the trade. 33.7 is the first level of resistance above 33.36, and by rule, any break above resistance is a buy signal. In this case, 33.7, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NEM slightly near 33.7, target 33.27, Stop Loss @ 33.78. Details
The technical summary data is suggesting a short of NEM if it tests 33.7 with a downside target of 33.27. We should have a stop loss in place at 33.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 33.7, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Newmont Corporation (NEM) available here: NEM.
NEM Ratings for February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
32.96 |
| P2 |
33.27 |
33.7 |
36.3 |
| P3 |
34.43 |
34.9 |
39.75 |
AI Generated Signals for NEM
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Newmont Corporation (NYSE: NEM) report below can help you understand how to do this. The trading plans for NEM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NEM:
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