Newmont (NEM) has all the ingredients I look for.
After a strong prior uptrend, price went through a sharp shakeout, then built a clean, sideways base right on long‑term trendline support.
Volatility is contracting and volume is drying up through the base, classic VCP‑style action that signals supply getting absorbed.
The stock is a leader in the precious‑metals space, backed by strong recent earnings beats, robust cash flow, and a sizable buyback that support the bull case if price can clear resistance.
My setup:
Entry: Breakout through the top of the base on heavy volume
Stop: Below the recent swing lows at the bottom of the base
Target: A measured move at least equal to the height of the base, with room for extension if momentum kicks in
I am not chasing inside the range; I am waiting for a decisive pivot break with volume confirmation. If it triggers, this is a high‑quality swing setup with clearly defined risk and attractive reward.
After a strong prior uptrend, price went through a sharp shakeout, then built a clean, sideways base right on long‑term trendline support.
Volatility is contracting and volume is drying up through the base, classic VCP‑style action that signals supply getting absorbed.
The stock is a leader in the precious‑metals space, backed by strong recent earnings beats, robust cash flow, and a sizable buyback that support the bull case if price can clear resistance.
My setup:
Entry: Breakout through the top of the base on heavy volume
Stop: Below the recent swing lows at the bottom of the base
Target: A measured move at least equal to the height of the base, with room for extension if momentum kicks in
I am not chasing inside the range; I am waiting for a decisive pivot break with volume confirmation. If it triggers, this is a high‑quality swing setup with clearly defined risk and attractive reward.
Catch the move before it happens - ft.wtf/subscribe
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Catch the move before it happens - ft.wtf/subscribe
Join 2,000+ traders.
Join 2,000+ traders.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.