Newmont dip presents low-risk technical setup
The bull case argued is that Newmont's sharp decline to its major supportive moving average, triggered by an exogenous event, represents a low-risk, high-reward technical buying opportunity.
The argument
The speaker highlighted that buying dips in powerful uptrends when they retest key moving averages is a highly consistent trading strategy, especially when the drop is unrelated to the company's core fundamentals.
The thesis, stress-tested
✓ What validates it
- ✓The stock successfully holding the moving average support level over subsequent sessions
- ✓A strong volume rebound confirming the technical reversal
▸ Risks discussed
- ▸The stock could break below the supportive moving average, triggering stop-losses
- ▸Broader commodity price declines could drag down gold miners regardless of technical setups
Hear it yourself
"If only people understood you wanna buy dips in stocks and powerful uptrends and you wanna buy retests of the major supportive moving average, if only people did that, they they wouldn't have to be on Flutter or whatever the fuck, betting on nonsense that's literally impossible to win at."
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