tst
Long

breakout from accumulation base

AMEX:NG   NOVAGOLD RES INC
46 0 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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