NG trade ideas
NOVAGOLD HOLDS SOME WEAK HANDS INTO EARNINGSNG has had a 55% move in a matter of one month, by any standards that is parabolic and such moves often end in disaster for those late to the party. AS GOLD had broken out so has the many ETF,s that follow the commodity which explains why even the lesser companies are moving at such a pace. Given the paper profits within the sector any sell off could be very frantic. If we get a agreement with China, gold could be a source of capital to get back into the equities market, so be careful and bank some profits.
AVERAGE ANALYSTS PRICE TARGET $6.50
AVERAGE ANALYSTS RECOMMENDATION BUY
COMPANY PROFILE
NovaGold Resources, Inc. engages in the acquisition, exploration, and development of metal properties primarily located in Alaska and British Columbia. Its developments include Donlin Gold and Galore Creek projects. 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 Vancouver, Canada.
#NG Do we have have a breakout?#NG is trading above monthly resistant line indicating a major upside potential.
Will be waiting for the to close above 200 MA on weekly chart before choosing my long entry point.
To be updated...
NG's price moves in a decreasing trend... The downward trend is expected to continue. Fundamentally, the Randgold / Barrick fusion does not help the company either. The decrease is expected in a triple wave structure that can be formed along a downward channel. The target price is around 2.60 usd.
Nat Gas on verge of breakout!Nat Gas has put in a solid bottom and is near a breakout. I prefer to see a back test (BT) that does not close below the break out line with a wick that plunges deeper to scar off the kids.
NG - NOVAGOLD RESOURCES INCPrice and volume breakout. target price is at around 4.89. support and resistance are marked on the chart
Another look at NGFollowing on my idea posted at the beginning of this year.
With the break of the $5 support, this potential reversal to the upside is looking weak. I expect strong buying near $3.50, after which we'll see a test of the $5 level as resistance. Following that, it'll be decision time for this trend to continue or fail miserably.
Watch very closely for failures at these low prices. The risk-per-share on this stock is not to be taken lightly.
breakout from accumulation base Scanning over some stocks most look like topping patterns. looking at some gold stocks gives the opposite impression with some in uptrend and others like NG breaking out of a 2 year base. NG looks to be approaching a key resistance level. This will be a good opportunity to gage the strength of NG. I'll update if I see a shallow pull back or continuation pattern. If it powers through $5.30 level then ill drop to the daily charts for lower time frame entry's.
NG UPDATEMETALS AND MINERS moving up again, this one has been strong compared to GOLD prices recently. Happy holidays!
Are metals ready for a rebound?Metals might have a last push during the summer, we all have our special metals tickers to buy next dip but this one, the special "how to lose all you money in one trade" kind of trading approach that i don't recommend to anyone. Still, if you have to admit this is beautiful and highly possible.
