TaPlot

NG Forming 3 Month #Rectangle #ChartPattern

Long
AMEX:NG   Novagold Resources Inc
AMEX: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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