$NES Daily Breakouts LONG
Charting:
1. Broadening Wedge - Respected with elevated volume (Entered position here)
2. Inverse Head & Shoulders - Broken out of neckline
3. Broadening Wedge - Broke out of upper line with volume increasing since bounce off bottom line
4. Wick over wick candle at breakout instilling confidence in move
5. Broadening Wedge - Target = 11-12c
6. Inverse Head & Shoulders - Target = 14-15c
Fundamentals:
- MC=10M
- Cashed up with drill team on site & rig due this week at the Woodline Project
- Hosted in the same geological structural setting as the 7.7 million ounce Tropicana Gold mine
- Drilling to be completed:
- 1000-1500m by end of Jan
- 6000-8000m by mid 2021
- Good steady news flow to come which should see us lead into the above targets
- Net Institutional Buying with Net retail selling
1. Broadening Wedge - Respected with elevated volume (Entered position here)
2. Inverse Head & Shoulders - Broken out of neckline
3. Broadening Wedge - Broke out of upper line with volume increasing since bounce off bottom line
4. Wick over wick candle at breakout instilling confidence in move
5. Broadening Wedge - Target = 11-12c
6. Inverse Head & Shoulders - Target = 14-15c
Fundamentals:
- MC=10M
- Cashed up with drill team on site & rig due this week at the Woodline Project
- Hosted in the same geological structural setting as the 7.7 million ounce Tropicana Gold mine
- Drilling to be completed:
- 1000-1500m by end of Jan
- 6000-8000m by mid 2021
- Good steady news flow to come which should see us lead into the above targets
- Net Institutional Buying with Net retail selling
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