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TaPlot

NG Forming 3 Month #Rectangle #ChartPattern

Long
Novagold Resources Inc. (AMEX:NG)  
TaPlot  
AMEX:NG   Novagold Resources Inc.
Chart Patterns Rectangle Stocks classicalcharting
1
0
chartpattern rectangle stocks classicalcharting
NG been trading between $9.80 and $8 for 3 months forming a rectangle chart pattern. A down sloping trend-line is now also conversing with the rectangle resistance boundary. Breaking these 2 resistance levels will add to the validating of the breakout and triggers a long entry.
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