looking at the past 20,50 and 200 sma when they converged like they are about to soon, the price went on a little bull run. over 6 and hopefully close to 7 by mid may !? hopefully im reading this right, and with all the positive test results that have come back, im feeling bullish!!! this is just my opinion and also this is my first post.
New Found Gold is looking great for the long run. This discovery is in a great location, with strong leadership, & local government support. NFG has lots of financial backing from strong hands like Eric Sprott & Palisade Gold. Once this project goes into production, NFG will be in a good position to make large profit margins.
Scanning 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.
NFG 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.
"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 .
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 nice set up to me. I'm going to look to start a half potion at...
in this count the possibility of an impulse is taken.
in this count we have a possible double three ending mid April 2024
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
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.
I really like this one as Newfoundland seems to be turning into a mining location with loads of potential.
New Found Gold has been in a correction for quite awhile and is breaking out of its RSI channel. Previous fib trend before the all-time high vs new fib trend. How high will it go? To the top of cup or higher?
huge grades in canadas' new gold district. Coiling for a b/o. the FED is panicking, raise rates, too much, too little, oil pushing inflation..... chaos
New Found Gold (TSXV: NFG) is carving out an ABC up pattern with the ABC completed and the C to D leg underway. NFG announced today a bought deal private placement for $50MM dollars. The financing is being done as "flow through" which provides a tax benefit to the Canadian investors who participate and is typically, as in this case, priced above the market. ...
I'm just a dummy and the technicals fall short on me....but gapping is never good. NFG continues to push drill results and the market continues to support...but at some point growth like that needs to be accounted for. Do i think it returns to close the gap? Not yet, not with todays drill results...but it sets us up for volatility which is never good.
Up 12% this morning, $NFG.v isn't waiting for metal to resume uptrend. It's on a mission... can this be the next Kirkland Lake Gold?