tangman

[Long] Novo Resources

Long
OTC:NSRPF   Novo Resources Corp
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3
Novo narrowly broke above a prior high on Friday. The long term chart shows a large descending wedge that has already broken out. At the margin, this confirms a trend with a higher high. Do buyers flood in and push the stock to its prior highs? Nobody knows for sure, but I believe the bullish ingredients are all there.

Keep in mind that the price of Gold was much lower in 2017 than it is now as well.

I have been positioned in this for more than a year, having added considerably in the mid $1 range.