tst

breakout from accumulation base

Long
AMEX:NG   Novagold Resources Inc.
6
Scanning over some stocks most look like topping patterns. looking at some gold stocks gives the opposite impression with some in uptrend and others like NG breaking out of a 2 year base. NG looks to be approaching a key resistance level. This will be a good opportunity to gage the strength of NG. I'll update if I see a shallow pull back or continuation pattern. If it powers through $5.30 level then ill drop to the daily charts for lower time frame entry's.
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