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Aug 23, 2020 2:05 AM

NG Forming 3 Month #Rectangle #ChartPattern Long

Novagold Resources Inc.Arca

Description

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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