AMEX:NG   Novagold Resources Inc.
NG 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’m targeting the $8 zone for taking profits.

This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.

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