NG NovaGold Resources Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NG NovaGold Resources prior to the earnings report this week,
I would consider purchasing the 3usd strike price at the money calls with
an expiration date of 2024-6-21,
for a premium of approximately $0.37.
If these options prove to be profitable
−500 ARS
−40.37 B ARS
0.00 ARS
About Novagold Resources Inc.
Sector
Industry
CEO
Gregory A. Lang
Website
Headquarters
Salt Lake City
Founded
1984
ISIN
ARBCOM4601N1
FIGI
BBG00PD5XMB1
NovaGold Resources, Inc. is a mineral exploration company. It focuses on its Donlin Gold project in Alaska. The company was founded by Gregory Shawn Johnson, John W. Chisholm, Macisaac G. Angus, Rick van Nieuwenhuyse, and Gerald James McConnell on December 5, 1984 and is headquartered in Salt Lake City, UT.
Area 51Key area of interest in the $4 range.
Oversold on multiple time frames. Back to area of breakout. At an annual pivot. Potential weekly and monthly stochastic divergences, but only minor ones and not confirmed. Worth a small shot with 40 cent trailing stop and first target 4.80. Then reevaluate
Long NGNG closed with a solid weekly candle which is indicating bullish momentum. It appears that we're primed to test the .618 level, and if we break through, we're in for a massive move. Breaking that level means shattering resistance and breaching the 200 EMA - all good signs for a rise in NG prices. I’
NEW POSITION $NG Target 10.09 for 23.20% $NG Target 10.09 for 23.20%
Or double position at 6.29
That's one heck of a dip right there. I don't love trading gold so I took a smaller than normal position here... but it looks like it has a nice range.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.