NGD trade ideas
NGD Forced ChokeChoked the trade because I wanted to close the books for July. Didn't go up anyway. Good decision.
Jul 23, 2020 09:34
Shares traded: 10000
Closed P&L: $250.00
Share trade
Tags:
ibkr
Edit Tags
Add Notes
Execution detail:Advanced >
Date/time Symbol Qty Price Position
2020-07-23 09:34:20 NGD 5000 $1.580 5000
2020-07-29 09:41:37 NGD -5000 $1.630 0
NGD Break throughIf it breaks 1.30 it jumps up from there. Overall bullish trend, mostly positive volume history.
*As always set your limits and stops
Pickup your golden ticketWe have a Triangle Pattern completed on TSX:NGD with confirmation on many fronts. Let's look at the confirmations.
1) MACD Trend Strategy breakout occurring.
I really love this strategy and it has done really well for me in the past. The sell signal here will be when MACD Line crosses back under the signal line.
2) We are trading above the moving volume weighted average price. Since this line is sloping upwards this can indicate that prices will increase.
3) RSI is at a healthy level of 66 and previously broke out of its trend line. RSI hasn't reached over-bought levels so we still have room to move up. Stochastic ties in here since it is also at a healthy level.
4) ADX/DI Trend is strong in the positive direction. We have wind in our sails with this good momentum.
5) Triangle chart pattern confirmed with higher than average volume.
Here is the chart depicting the above confirmations:
With gold on the rise, this stock has the perfect setup to catch this rally.
$NGD New Gold Upside Targets New Gold Inc. is engaged in the operation, development and exploration of mineral properties. Its portfolio includes Rainy RIver, New Afton, and Cerro San Pedro. The company was founded on January 31, 1980 and is headquartered in Toronto, Canada.
NGD - PremarketFollowing this stock for today. I'm hoping to enter my position later today before the market closes. Anyone else trading this one? The reason why I am waiting to enter is that the current price is trading really close to resistance levels (1.64$). I'm interested in finding out whether the price will break through its resistance level or if the price will dip below it. I appreciate comments and thoughts from other traders.
MY THOUGHTS - Current price (1.58) will drop, hopefully closing at a loss. My position is dependant on this event. If I enter today's position at a loss, I'm hoping I will be on time to ride the next wave tomorrow, or throughout the week.
113% Gain. Closed. (NGD)Trade update: NGD
I have officially closed my 2 month swing trade on new gold inc for a 113% gain! 😁🥇
Why did I close and take profit?
The daily is showing sell off pressure as the candle forms the red doji crossover.
All 3 bottom ema dot indicators are going red.
Will take till end of market for all indicators to close what they show, went ahead and cleared the table and collected! 💰
Only one more pennystock left in my portfolio which is gopro.
🥇MLT | PRO TRADERS
An Obvious Investment. Profits 100%+.Everyday you hear of recession and taking a quick look at gold stocks, they seem to be the safe haven and profit maker during financial uncertainty. Take a quick look at New Gold during the recession years of 2009-12. Gold stocks rose with the price of gold and this stock under $1 is an absolute must buy.
NGD is in line with its historic lows of 2008 and has only up to go from here. A slowdown is happening, recession is inevitable. Some say that Bitcoin is the answer, but, large investors and institutions will direct their funds from Bitcoin to gold , gold stocks, and precious metal mining stocks. The price of Bitcoin would drop during a recession as investors will seek safe havens. Bitcoin does not have the stability to be considered a safe haven as it can drop 20-40% in a single day. You can rest at night knowing that gold at most falls $40-50 a day, but averages $5-10 swings per day. That is true monetary stability.
- Buy In : $0.90-0.99
- Short Term Target : $1.30 or 30%
- Long Term Target : $7.00 - $10.00 or 600-900%.
The signs are everywhere, the numbers prove it. Most of Europe is in recession. Import/Exports are down. China's GDP is the lowest in 25-years. Brick and Mortar stores are closing faster than ever. Massive restructurings = massive layoffs. This is sounds like 2008 all over again. Be prepared, invest smart.
New gold Inc, 118% (NGD)Update from last post on this one, we added on april 2nd as we found support on the downward channel for a knife catch. Sort of the same approach that I took to capture my current 75% gains on gopro stock.
This trade is still active.
3day has fired green strong non stop since then.
Easy money to be made with our system! 💰💰💰💰
We find the best penny stocks! 🔥🔥🔥🔥🔥
Check the related ideas. Easy call.
We will show you how we find these exact same calls with our penny stock method in our course!
🥇MLT | TRADE LIKE A PRO
Entering new Horizon!After exiting the downward channel and making a cup and handle New gold is ready for new targets!
New Gold IncHmmm. Potential expanding channel bounce off support. This one is a knife catch but could lead to 100% return. Diversify.
New GoldSo this was following golds trend back in May/June Gold has since taken back off after the C19 crash but new gold has not. Most people liquidated their funds to have cash on hand from what I understand. I would hold this tho with the rising gold prices I am sure it will make a nice recovery.
New Gold - New RallyCheck out our chart on gold mining stocks. If you look back, you will see how gold mining stocks always boom during election years as political and economic uncertainty take hold.
Expect anywhere from 200% or more in the price of NGD . The price has been in a descending channel , but it looks like it has recently broke and flattened which could only mean it is heading up, specially how exceptionally undervalued gold stocks are vs gold spot price.
NewGold is out of fAVOUR but for how long?Maybe a final downward move in an Ending Diagonal, target $0.60/share BUY but may not get that low. min $2 target by Eof 2020.
Trend changeNgd broke out of its down trend and fought the upper trend line until Friday when the bulls got the upper hand. May move sideways this week but expect to see 2.00 in the near future.
NGD Short OpportunityIndicators all pointing down, nice short opportunity here. All tied up right now, so I can't take advantage.
Potential 10:1 trade. Broke through 1.20 resistance and retested.
Looking for buy signal around 1.22/1.23 to enter.
NGD - Short morning spike Signs of cracking here at 0.85 will be waiting this to spike at open so I can short the shit out of it at high of day and try catch the top and ride the wave down I will be expecting a green to red tomorrow.
Will only play if it brings unusual vol early in the morning
