Break Out LevelScanning gold charts this looks like best of breed for a potential quick pop. Not over bought daily and just oversold weekly. Double close below the annual pivot would be stop. Upside up to 7ish.
−0.34USD
−66.385MUSD
93.62M
About New Found Gold Corp
Sector
Industry
CEO
Collin Kettell
Website
Headquarters
Vancouver
Employees (FY)
93
Founded
2016
ISIN
CA64440N1033
New Found Gold Corp. is a mineral exploration company, which engages in the acquisition, exploration, and evaluation of resource properties. It focuses on gold properties located in the provinces of Newfoundland and Labrador and Ontario. The company was founded by Collin Kettell and Denis Laviolette on January 6, 2016 and is headquartered in Vancouver, Canada.
NFG is showing signs of a potential tradeNFG Is coming in to potential support on Friday trading.
$5.50 is a attractive entry.
a bounce to $6.05 would give a healthy 10%.
There's a gap fill around $5.00 to be aware off too.
NFG"New Found Gold" or "No F*cking Good" ... only time will tell ...
I personally think NF is the next great frontier for gold exploration in Canada ... although im focused on the golden triangle im also looking at emerging plays with potential .
A Big wedge is forming. New Found Gold is one of the higher grade discoveries this year.
I'm seeing some interesting support levels and a potential for a fairly safe 15 - 20% swing without having to fight the down sloping channel.
If it breaks the down slopping channel then could be a 30% plus swing.
This looks like a
NFGC daily (impulse)(10.50 PT minor 3 ends mid August 23')in this count the possibility of an impulse is taken.
NFGC daily (double three)(9 PT mid April 24')in this count we have a possible double three ending mid April 2024
NFGC (daily)(single ZZ)in this count a single zig zag gives a target close to five dollars followed by the b/x wave settling near 3.50 with the last c/y wave towards 6 filled with buyers galore
Double your profits --- Target $5 in short term Great future for this new Gold Mine !! Current price is at a sweet spot.
Short term target $8.31 @ Fib 0.236 .. Long Term $12.04.
NFGI really like this one as Newfoundland seems to be turning into a mining location with loads of potential.
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