YoungAnalyst
Long

Trend is changing, background is favourable for longs (daily)

AMEX:NGD   NEW GOLD INC
The weekly chart shows that accumulation is going on. On the daily chart 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 volume 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.
Weekly chart:
Trend is changing, background is favourable for longs (weekly)

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out