When Newmont Corp ($NEM) Moves Investors should Listen
November 01, 2023, 01:30 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NEM
- Buy NEM slightly over 35.28 target 39.43 stop loss @ 35.18 Details
The technical summary data tells us to buy NEM near 35.28 with an upside target of 39.43. This data also tells us to set a stop loss @ 35.18 to protect against excessive loss in case the stock begins to move against the trade. 35.28 is the first level of support below 37.47 , and by rule, any test of support is a buy signal. In this case, support 35.28 would be being tested, so a buy signal would exist.
- Short NEM slightly under 39.43, target 35.28, stop loss @ 39.54 Details
The technical summary data is suggesting a short of NEM as it gets near 39.43 with a downside target of 35.28. We should have a stop loss in place at 39.54though. 39.43 is the first level of resistance above 37.47, and by rule, any test of resistance is a short signal. In this case, if resistance 39.43 is being tested, so a short signal would exist.
Swing Trading Plans for NEM
- Buy NEM slightly over 38.78, target 39.43, Stop Loss @ 38.67 Details
If 38.78 begins to break higher, the technical summary data tells us to buy NEM just slightly over 38.78, with an upside target of 39.43. The data also tells us to set a stop loss @ 38.67 in case the stock turns against the trade. 38.78 is the first level of resistance above 37.47, and by rule, any break above resistance is a buy signal. In this case, 38.78, 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 38.78, target 37.01, Stop Loss @ 38.89. Details
The technical summary data is suggesting a short of NEM if it tests 38.78 with a downside target of 37.01. We should have a stop loss in place at 38.89 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, 38.78, 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 37.49, target 38.82, Stop Loss @ 37.4 Details
If 37.49 begins to break higher, the technical summary data tells us to buy NEM just slightly over 37.49, with an upside target of 38.82. The data also tells us to set a stop loss @ 37.4 in case the stock turns against the trade. 37.49 is the first level of resistance above 37.47, and by rule, any break above resistance is a buy signal. In this case, 37.49, 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 37.49, target 37.01, Stop Loss @ 37.58. Details
The technical summary data is suggesting a short of NEM if it tests 37.49 with a downside target of 37.01. We should have a stop loss in place at 37.58 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, 37.49, 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 Corp (NEM) available here: NEM.
NEM Ratings for November 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
35.28 |
| P2 |
37.49 |
37.01 |
39.43 |
| P3 |
38.82 |
38.78 |
43.56 |
AI Generated Signals for NEM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Newmont Corp (NYSE: NEM) report below is a real world example. Included are trading plans for NEM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NEM:
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