The weekly breakout has arrived. On the verge of a major reversal. I see this going to $6 per share. I believe we could reach double digits long term. Previous analysis: I am long from 2.56, 2.77, 3.15, and 3.05
I think the big opportunity in here is the long trade. I actually am not taking the short trade on this due to trading restrictions. I will however go long if we see price reach the 2s. BIG PICTURE
Gold appears to be making a short term bottom on the 4 hour chart. I'm looking to buy some miners for leverage here.
Gold miners have been beaten worse than a 20th century French army. The momentum looks good. Time for a turn around.
NGD is trading in an uptrend and at the moment it is in a corrective phase. If the rising trendline holds i'm expecting a new wave up with a potential gain above 30%. A strong breakout of the rising trendline invalidates this setup.