We see a nice Triangle forming, and heading onto a possible breakout.
As we are in a longterm down trend, the breakout will possibly be to the downside. Still I advise us all to wait for the breakout and then even for a retracement if you are conservative.
As usual, I wish you all the best
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.
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.
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.