When Newmont Corp (NEM) Moves Investors should Listen
December 17, 2022, 20:00 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NEM
- Buy NEM slightly over 36.62 target 48.23 stop loss @ 36.51 Details
The technical summary data tells us to buy NEM near 36.62 with an upside target of 48.23. This data also tells us to set a stop loss @ 36.51 to protect against excessive loss in case the stock begins to move against the trade. 36.62 is the first level of support below 46.14 , and by rule, any test of support is a buy signal. In this case, support 36.62 would be being tested, so a buy signal would exist.
- Short NEM slightly under 48.23, target 36.62, stop loss @ 48.37 Details
The technical summary data is suggesting a short of NEM as it gets near 48.23 with a downside target of 36.62. We should have a stop loss in place at 48.37though. 48.23 is the first level of resistance above 46.14, and by rule, any test of resistance is a short signal. In this case, if resistance 48.23 is being tested, so a short signal would exist.
Swing Trading Plans for NEM
- Buy NEM slightly over 47.55, target 48.23, Stop Loss @ 47.41 Details
If 47.55 begins to break higher, the technical summary data tells us to buy NEM just slightly over 47.55, with an upside target of 48.23. The data also tells us to set a stop loss @ 47.41 in case the stock turns against the trade. 47.55 is the first level of resistance above 46.14, and by rule, any break above resistance is a buy signal. In this case, 47.55, 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 47.55, target 45.68, Stop Loss @ 47.69. Details
The technical summary data is suggesting a short of NEM if it tests 47.55 with a downside target of 45.68. We should have a stop loss in place at 47.69 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, 47.55, 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 47.11, target 47.55, Stop Loss @ 47 Details
If 47.11 begins to break higher, the technical summary data tells us to buy NEM just slightly over 47.11, with an upside target of 47.55. The data also tells us to set a stop loss @ 47 in case the stock turns against the trade. 47.11 is the first level of resistance above 46.14, and by rule, any break above resistance is a buy signal. In this case, 47.11, 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 47.11, target 45.70, Stop Loss @ 47.22. Details
The technical summary data is suggesting a short of NEM if it tests 47.11 with a downside target of 45.70. We should have a stop loss in place at 47.22 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, 47.11, 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.
Real Time Updates are available on our Newmont Corp (NEM) Page here: NEM.
NEM Ratings for December 17:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
36.62 |
| P2 |
45.70 |
45.68 |
48.23 |
| P3 |
47.11 |
47.55 |
61.01 |
Support and Resistance Plot Chart 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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