AMEX:NGD NEW GOLD INC CDA
The weekly chart shows that accumulation is going on. On the it is possible to see that demand levels (in green) are respected and supply levels taken out (up trend). Price is currently at a previous demand level and last day was a test from a VSA perspective (low hammer). Good long positions can be executed entering now or, in a more conservative way, waiting a retest of the range. A good SL level is below the range.