Newmont Corporation
Long
Zaktualizowano

Expected $47-$50 By Feb, 2025

It broke above 50 SMA and out of the channel in the week of April 22, 2024. Made good progress but broke below the 50 SMA and further the higher low of the week June 03, 2024. It is forming a bullish megaphone. In the near term, $47 is expected by next earnings. Holding January 2026 $50 calls.
Uwaga
Things are looking good for GOLD and miners. Last time MACD turned bullish/green on March 25th, 2024, it went 72% up.

MACD is curling up. Similar move could take us to beyond $60. In the short term, golden picket between .5 and .618 FIB is the target.
Zlecenie aktywne
My LEAPS are doing well. But can we get to $47 by earnings?

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