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Feb 26, 2016 8:05 AM

breakout from accumulation base  Long

Novagold Resources Inc.Arca

Description

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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