NGD - a gold mining penny stock is bullish LONG

AwesomeAvani Updated   
BATS:NGD   New Gold Inc.
NGD on the highly reliable monthly chart has signs of bullish momentum including a cross over

the POC line of the volume profile,a monthly volume bar over the running mean for the first

time in two years price crossing over the mean anchored VWAP and both the trend and

the momentum indicators making reversals. I will open a long trade of both shares as well

as a lot of call options for mid- November striking OTM at $ 1.50. This junior miner

stands to gain earnings when gold prices rise proportionately more than established global

mining operations. My target is 3.5 just under two standard deviations above VWAP. I will

take off 1/3 of the position at 2.7 at the first standard deviation above VWAP in best practices

for risk management.
Zoom- in with entry arrows
Price moving up slowly. Partial Profits taken at highs and adds at low pivots
( Zig Zag)

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